Paradip Port Trust (PPT) will have a 51 per cent stake in the heavy haul rail corridor proposed by Indian Port Rail Corporation Ltd (IPRCL). The corridor would connect Salegaon (Maharashtra) with Paradip port.
Tag: RVNL
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Japanising Indian Rail
Taking precedence from Japan which heralded the ĆĀ“bullet trainĆĀ“ legacy in 1964, the world began to partake of this ĆĀ“race against timeĆĀ“. High-speed rail (HSR), which uses an integrated system of specialised rolling stock and dedicated tracks, can significantly enhance the connectivity and trade between major cities in a country.
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Railways require capital infusion
S C Agnihotri, Managing Director, Railway Vikas Nigam Ltd (RVNL) points out that infusion of private capital in augmenting infrastructure can break the vicious cycle of poor productivity, underinvestment and poor realisations in Indian Railways
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Cabinet approves formation of SPV to major ports
The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for formation of a Special Purpose Vehicle (SPV) to provide efficient rail evacuation systems to Major Ports and thereby enhance their handling capacity and efficiency.
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Rail Vikas Nigam to hold 10% in new ports infra entity
Government-owned Rail Vikas Nigam Ltd (RVNL) is to take 10 per cent equity in the new public sector unit (PSU) to be formed to enhance port connectivity through the railways.
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Making our ports more financeable
Financing IndiaĆ¢ā¬ā¢s ports has been challenging because of several factors, both inherent to the sector as well as to policy and financing regulatory environment.
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Vizhinjam signs three agreements
Vizhinjam International Seaport (VISL) has signed three separate agreements with the State Bank of Travancore, Rail Vikas Nigam and Kerala State Electricity Board for the first phase of its project.
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