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Rlys finalises policy for investment in last-mile links.
from BUSINESS LINE, February 24, 2011 New Delhi, Feb. 23 - Following demands by many iron ore and coal mining firms, the Indian Railways has finalised a policy that will allow them to invest in building last mile rail links.
This is different from the rail sidings policy primarily because the Railways allows for some extent of capital cost recovery to the investors through a surcharge.
Firms that have been seeking a provision on similar lines include Adani Group, Orissa Industrial Infrastructure Development Corporation and subsidiaries of Coal India.
The policy is over 20 km rail links only. This implies that the minimum cost of each project would be Rs …
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