Kathmandu, 10 July: Nepal and India have signed a Letter of Exchange (LoE) to the India-Nepal Rail Services Agreement (RSA) 2004.
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, according to the Indian Embassy.
“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.
People’s News Monitoring Service
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