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Nepal, India revise Railway Service Agreement


Nepal, India revise Railway Service Agreement
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In a major boost to the Nepal-India bilateral ties, the two neighbouring countries have revised the Railway Service Agreement on June 30, according to a media report.
File photo.
Kathmandu:
According to the revised text of the Letter of Exchange, all authorised private container train operators (Indian as well as Nepali) will be able to utilise the Indian railway network to carry freight containers for Nepal s imports or exports, ending the monopoly of the Indian government-owned Container Corporation of India (CONCOR), the report published in the Kathmandu Post daily said.  ....

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Railways eases cargo movement between India and Nepal


Railways eases cargo movement between India and Nepal
Rail operations between India and Nepal on Friday got a major boost with the authorisation of all cargo train operators to utilise the Indian Railways network for carrying containers bound for the neighbouring country. The Railway Ministry said in a statement that these containers could be bilateral freight between India and Nepal or third country freight from Indian ports to Nepal.
It said that this liberalisation will allow market forces to come up in the rail freight segment in Nepal, and is likely to increase efficiency and cost-competitiveness, eventually benefiting the Nepalese consumers. ....

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