Wagons to be made available on lease work on Eastern and Western freight corridors to begin this year

In order to develop the wagon leasing market, a new wagon leasing policy has been prepared under which, rail customers and container operators will be able to take wagons on lease. For getting registered under the scheme, wagon leasing companies should have minimum net worth of Rs. 250 crore and will have a deposit Rs. 5 crore as registration fee.

Registration will be valid for 20 years and will be renewable for another 10 years on rendering satisfactory services. Leasing companies have been give full rights to choose or change their lessees. These companies will lease out special purpose wagons, high capacity wagons and container wagons.

The construction work of Eastern freight corridor from Ludhiana to Dankuni situated near Kolkata and Western corridor from Delhi to JNPT will commence in 2008-09. Detailed feasibility study for North-South, East-West, East-South and South-South dedicated Freight Corridors are being carried out and action will be taken to expedite sanction for construction of these corridors.

Source : Press Information Bureau

Keywords