Nepal, India sign LoE on India-Nepal Rail Services Agreement

KATHMANDU, July 10: Nepal and India have signed a Letter of Exchange (LoE) to the India-Nepal Rail Services Agreement (RSA) 4 amidst a virtual ceremony on July 9.

With the entering into of the LoE, all authorized cargo train operators which includes and private container trains operators, freight train operators, special freight train operators or any other operator authorized by Indian Railways will be able to utilize the Indian railway network to carry Nepal’s container and other freight – bilateral between India and Nepal or third country from Indian ports to Nepal, said the Indian Embassy in Nepal.

“This liberalization 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 Nepalese traders, transporters and the consumer. After the LoE, all kinds of cargoes in all categories of wagons that can carry freight on Indian Railways network within India can also carry freight to and from Nepal,” the Embassy stated in a press , adding that the liberalization would particularly reduce transportation costs for automobiles and certain other products whose carriage takes place in special wagons. 

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Wagons owned by Nepal Railway Company will also be authorized to carry Nepal-bound freight (inbound and outbound on Kolkata/Haldia to Biratnagar/Birgunj routes) over the Indian Railways network as per IR standards and procedures, according to the Agreement.

The LoE also updates several other portions of the India-Nepal RSA and brings those in line with the latest operational and infrastructure status of Indian and Nepales

Read story at Rato Pati

Ratopati.comhttps://www.ratopati.com
Ratopati.com is one of the leading digital news portals of Nepal.

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Nepal, India sign LoE on India-Nepal Rail Services Agreement

KATHMANDU, July 10: have signed a Letter of Exchange (LoE) to the India-Nepal Rail Services Agreement (RSA) 2004 amidst a virtual ceremony on July 9.

With the entering into force of the LoE, all authorized cargo train operators which includes public and private container trains operators, automobile freight train operators, special freight train operators or any other operator authorized by Indian Railways will be able to utilize the Indian railway network to carry Nepal’s container and other freight – both bilateral between India and Nepal or third country from Indian ports to Nepal, said the Indian Embassy in Nepal.

“This liberalization 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 Nepalese traders, transporters and the consumer. After the LoE, all kinds of cargoes in all categories of wagons that can carry freight on Indian Railways network within India can carry freight to and from Nepal,” the Embassy stated in a press , adding that the liberalization would particularly reduce transportation costs for and certain other products whose carriage takes place in special wagons. 

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Wagons owned by Nepal Railway will also be authorized to carry Nepal-bound freight (inbound and outbound on Kolkata/Haldia to Biratnagar/Birgunj routes) over the Indian Railways network as per IR standards and procedures, according to the Agreement.

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The LoE also updates several other portions of the India-Nepal RSA and brings those in line with the operational and infrastructure status of Indian and Nepales

Read full story at Rato Pati

Ratopati.comhttps://www.ratopati.com
Ratopati.com is one of the leading digital news portals of Nepal.

More from author

LEAVE A REPLY

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We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!

Nepal, India sign LoE on India-Nepal Rail Services Agreement

KATHMANDU, July 10: Nepal and have signed a Letter of Exchange (LoE) to the India-Nepal Rail Services Agreement (RSA) 2004 amidst a virtual ceremony on July 9.

With the entering into force of the LoE, all authorized cargo train operators which includes and private container trains operators, automobile freight train operators, special freight train operators or any other operator authorized by Indian Railways will be able to utilize the Indian railway network to carry Nepal’s container and other freight – both bilateral India and Nepal or third country from Indian ports to Nepal, said the Indian Embassy in Nepal.

liberalization 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 Nepalese traders, transporters and the consumer. the LoE, all kinds of cargoes in all categories of wagons that can carry freight on Indian Railways network within India can also carry freight to and from Nepal,” the Embassy stated in a press , adding that the liberalization would particularly reduce transportation costs automobiles and certain other products whose carriage takes place in special wagons. 

Also Read  Armed Indian drug dealer arrested in Biratnagar

Wagons owned by Nepal Railway Company will also be authorized to carry Nepal-bound freight (inbound and outbound on Kolkata/Haldia to Biratnagar/Birgunj routes) over the Indian Railways network as IR standards and procedures, according to the Agreement.

The LoE also updates several other portions of the India-Nepal RSA and brings those in line with the latest operational and infrastructure status of Indian and Nepales

Read full story at Rato Pati

Ratopati.comhttps://www.ratopati.com
Ratopati.com is one of the leading digital news portals of Nepal.

More from author

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MAW Enterprises Pvt. Ltd., the authorised importer of Skoda vehicles in Nepal, has begun deliveries of the SUV Skoda Kushaq. MAW Enterprises stated in a...

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Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!

Nepal, India sign LoE on India-Nepal Rail Services Agreement

KATHMANDU, July 10: Nepal and India have signed a Letter of Exchange (LoE) to the Rail Services Agreement (RSA) 2004 amidst a virtual ceremony on July 9.

With the entering into force of the LoE, all authorized train operators which includes and private container trains operators, automobile freight train operators, special freight train operators or any operator authorized by Indian Railways will be able to utilize the Indian railway network to carry Nepal’s container and other freight – both bilateral between India and Nepal or third country from Indian ports to Nepal, said the Indian Embassy in Nepal.

“This liberalization 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 Nepalese traders, transporters and the consumer. After the LoE, all kinds of cargoes in all categories of wagons that can carry freight on Indian Railways network within India can also carry freight to and from Nepal,” the Embassy stated in a press release, adding that the liberalization would particularly reduce transportation costs for automobiles and certain other whose carriage takes place in special wagons. 

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Wagons owned by Nepal Railway Company will also be authorized to carry Nepal-bound freight (inbound and outbound on Kolkata/Haldia to Biratnagar/Birgunj routes) the Indian Railways network as per IR standards and procedures, according to the Agreement.

The LoE also updates several other portions of the India-Nepal RSA and brings those in with the latest operational and infrastructure status of Indian and Nepales

Read full story at Rato Pati

Ratopati.comhttps://www.ratopati.com
Ratopati.com is one of the leading digital news portals of Nepal.

More from author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related posts

Latest posts

PM Deuba expresses grief over demise of NC leader Singh

KATMANDU: Prime Minister and Nepali Congress President Sher Bahadur Deuba has expressed sorrow over the demise of former lawmaker Akabar Bahadur Singh. Singh died...

The Skoda Kushaq has been launched in Nepal.

MAW Enterprises Pvt. Ltd., the authorised importer of Skoda vehicles in Nepal, has begun deliveries of the SUV Skoda Kushaq. MAW Enterprises stated in a...

Six new branches have been added to Mega Bank.

Mega Bank opened six new branches on Friday. According to a release, the bank has opened three branches in Bagmati Province and one in...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!