Rs 300 billion revenue eyed off 300 upcoming cargo terminals

Raring to expand its cargo handling ecosystem riding on the newly liberalised land-lease policy, the Railways has already identified 250 hectare (ha) of its land in 62 locations across the country where the 300 new Gati Shakti cargo terminals may come up in the next five years. With each cargo terminal enabling an additional revenue of Rs 1 billion — as per internal calculations by officials — the national transporter is eyeing a revenue of around Rs 300 billion in about five years’ time, enabled by the web of cargo terminals. Over 90 companies are ready to set up cargo terminals and around 65 more have expressed interest. Also Read Bengaluru’s tunnel borer `Varada’ completes its innings Cabinet approves policy on long-term leasing of Railways land