India's state-owned intermodal operator said it plans to open more inland container terminals in eastern and northern India and add railcar capacity.
Container Corp. of India, known as Concor, has received a $94 million loan from the World Bank to set up a large inland container terminal outside New Delhi and to increase its railcar capacity.The new terminal, to be built at a cost of 3 billion rupees ($69 million), will have capacity to handle 500,000 TEUs a year of export cargo. Concor has bought 100 acres of land for the terminal, company officials said.
Concor has ordered 3,225 railcars from two Indian companies that will enter service by December 2000. They will enable the company to cut transit time between Delhi and the Port of Mumbai (Bombay) to 42 hours from the current 48 hours. Plans are to eventually reduce transit time to 36 hours.
The multimodal operator now has only one inland container terminal in the eastern region, at Guwahati in the state of Assam. Concor plans to open three facilities in the eastern region.
Other inland terminals are planned at Balasore in Orissa state, and Jamshedpur in Bihar state. A 135-acre terminal is scheduled to open by April 1 outside Calcutta.
Concor now has 37 container depots. It began operations in 1989 with seven inland depots taken over from the Indian Railways.
In the 12 months ended March 31, Concor handled a record 576,790 TEUs of export-import traffic, an increase of 17.5 percent from the previous year.