Gateway Distriparks is planning to invest Rs.500 crore in container rail logistics infrastructure for a period of three years. The company will initially invest Rs.150 crore in acquiring rolling stock including axles, wheels and wagons.

The company is awaiting for approval from the Indian Railways to run container trains on routes such as Gurgaon-Pipavav and Gurgaon-Mundra and will be initially running trains with Container Corporation of India (Concor) by early-May 2006

Gateway Distriparks is currently operating container freight stations (CFS) at Navi Mumbai, New Manali, Chennai and Visakhapatnam. It also operates an inland container depot (ICD) at Garhi Harsaru and had signed an agreement with Concor to work jointly for providing ICD and rail connectivity to various ports.

The company is in talks with various parties for acquiring land to construct CFS at Nhava Sheva near Jawaharlal Nehru Port Trust (JNPT).

Also see:

Gateway Distriparks plans Rs.250 crore for port development (04-Oct-05)