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Concor, Gateway enters agreement for container terminal

Tuesday, 27 Mar 2007
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On 26 March 2007, Container Corporation of India (Concor) and Gateway Rail Freight, a subsidiary of Gateway Distriparks, have entered into an agreement to set up a joint venture company to construct and operate a rail-linked double-stack container terminal at Garhi Harsaru near Gurgaon in Haryana connecting NCR to the western ports.

The terminal will be built with an investment of Rs.70 crore, with an equity element of Rs.21 crore. Gateway Rail and Concor will have shareholding in the ratio of 51:49 respectively in this venture. The depot is expected to be in place by 2008.

The terminal will be spread over an area of about 100 acres and will have a rail handling and trans-shipment terminal, an ICD, multiple container freight station, warehouse complex and a domestic cargo hub. It will also have a large warehousing complex for both bonded and transit cargo with separate facilities for cold storage, reefer containers and for domestic cargo.

The move is aimed at consolidating cargo volumes of north India for double-stack container train operation on the diesel route from NCR to JN Port, Mundra and Pipavav using the Delhi-Rewari-Ringus-Phulera route. This terminal is likely to be connected to the proposed Western Dedicated Rail Freight Corridor, and have road links to the proposed Kundali-Manesar-Palwal (KMP) Expressway. It will also be developed as a hub for rail transport of cars and two-wheelers between north India and western, central, eastern and southern Indian locations.

It is learnt that, other container operators will be allowed to use the terminal facilities depending on capacity availability. The terminal will cater to the industrial areas of Delhi, Bijwasan, Gurgaon, Manesar, Dharuhera, Bawal, Hissar, Sonepat, Panipat in Haryana and Bhiwadi, Neemrana and Behror in Rajasthan. The terminal will also facilitate the export-import traffic from the proposed Haryana SEZ.

Gateway Rail has already placed order for two rakes (each rake consisting of 45 wagons), one of which is expected to be delivered by mid-April 2007.

This agreement replaces the existing agreement between Concor and Gateway Distriparks on train operations from ICD Garhi Harsaru. Gateway Distriparks has an operational rail-linked ICD at this location. Currently, Concor provides rail connectivity to this ICD. The operation of this ICD will be taken over by the joint venture company implemented by Gateway Rail and Concor.

Also See:

Gateway Distriparks to invest in container rail logistics (14-Apr-06)

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