Mumbai: Gateway Rail Freight Ltd, a unit of port-based logistics company Gateway Distriparks Ltd, will set up its fourth Inland Container Depot (ICD) at Viramgam near Ahmedabad in Gujarat for Rs.85 crore. An ICD is a facility that handles and stores containers carried under customs control away from the ports. It is also known as dry port. This terminal will be on the confluence point of the two double stack routes between its flagship hub at Garhi Harsaru in Gurgaon, Haryana and two main ports on the west coast at Mundra and Pipavav... more...
in Gujarat, the company said in a statement on Monday. “The company will soon start construction of railway siding and its container yard. It is expected to be operational within a year. The company has all the necessary regulatory approvals from Western Railway for this purpose,” it said. The company will be able to save rail haulage charges up to 8-10% while this proposed ICD will improve capital efficiency and correct the imbalances of container transportation citing its double stack routes, said Sachin Bhanushali, chief executive officer at Gateway Rail. Towards this facility, Gateway Rail has acquired 35 acres of land for developing the second hub for its container train services. The railway hub terminal will be built over 25 acres of land and initially will have a capacity to handle two trains simultaneously. It will have a capacity to handle 150,000 TEUs (twenty foot equivalent units of containers) annually. The balance 10-acre land will be used for developing an ICD to cater to the needs of Gujarat. Prem Kishan Gupta, chairman and managing director of Gateway Rail, said this will be the company’s fourth ICD and will provide world class service to Gujarat trade besides cost optimisation efforts by way of double stack operations between Garhi and Viramgam terminal. In January, parent Gateway Distriparks said it will sell shares of its units Gateway Rail via an initial public offer (IPO). Gateway Distriparks had said in response to a notice received from private equity firm Blackstone GPV Capital Partners’ letter dated 16 January that the firm will initiate steps necessary for the IPO. In November 2009, New York-based Blackstone Group Lp had invested Rs.300 crore in Gateway Rail Freight. Blackstone had said it will acquire between 37.3% and 49.9% of Gateway Rail in preferential shares based on certain performance parameters. Gateway Distriparks could buy back the shares at the end of five years from the date of investment or Blackstone could sell it back to Gateway Distriparks at the end of 10 years. Gateway Distriparks’ did not disclose details of the equity stake by Blackstone or timeframe for the IPO.
RAJKOT: In a major relief to passengers travelling to and from Saurashtra, the work on the 65km double tracks between Viramgam and Surendranagar is likely to be completed in four months. "The work is under progress and it will soon be ready for operation. Once the double tracks between Viramgam and Surendranagar is ready, it will help maintain punctuality of trains coming and going from the Rajkot division. If we have double tracks, train services will not be affected while carrying out maintenance work of the tracks," Vinay Babtiwale, divisional railway manager of the Rajkot division, told TOI. Sources... more...
said that doubling of tracks will help railways extend trains to Surendranagar and Rajkot in future. "There are many trains that currently terminate at Ahmedabad. These can be extended to Surendranagar and Rajkot stations to provide more connectivity between Rajkot and other cities of Saurashtra," said an insider. On Monday, S K Sood, general manager of the Western Railways, conducted annual inspection of the Rajkot division along with his team comprising of senior officers. During his visit, various representatives met him and demanded more trains to Rajkot. He assured that the Railways would consider their representations. Meanwhile, a proposal of the Rajkot division was pending with the ministry of Railways for doubling of tracks between Surendranagar and Rajkot. "We had sent the proposal three years ago to the central government. It is a Rs 1,300 crore project and if sanctioned will give major boost to the region both in terms of passengers and goods transport," said a senior official.
5 posts - Wed Feb 04, 2015 - are hidden. Click to open.
8 posts - Fri Feb 06, 2015 - are hidden. Click to open.
Train No.09031 Bandra (T)-Bhuj Express will depart from Bandra(T) at 23.45 hrs on 05thNovember,2014 and will arrive Bhuj at 15.40 hrs next day.. Similarly, train no 09032 Bhuj-Bandra(T) Express will depart from Bhuj at 17.50 hrs on 06thNovember,2014 and will arrive Bandra(T) at 12.00 hrs next day. The train will halt at Borivali, Vapi, Surat, Vadodara, Anand, Nadiad, Ahmedabad , Viramgam, Dhrangdhra, Samakhyali and Gandhidham stations in both the directions.