LWIS - Liberalized wagon investment scheme
2016
Station Accounts (without books) - 5 marks
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Induction of private wagons into Railway system
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Under
this scheme, an investor would procure a rake/rakes including 4% spares and
brake van. Railways agree to move these rakes in the system subject to certain
conditions.
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The
procedure for procurement of Rakes by a private player is as under:
1. COM of the Railway where the
loading is done is contacted with the application showing the details viz; No.
of rakes required, Type of Wagons, Commodity, loading stations etc,.
2. After examination of the
proposal as regards its operational feasibility “NOC’ is issued by COM of the
loading Railway and the Railways through which the Rake passes.
3. Application of the investor
along with the NOC will be forwarded by the zonal Railway to ED/freight
marketing (EDFM) for Board’s approval for procurement of rakes under LWIS.
4. The rakes will be procured by
the customer directly from wagon manufacturer or through import subject to
meeting IRS designs and specifications and inspected by RDSO.
5. Each Rake procured will have
the authorized loading/unloading points, over specific routes or close circuit
as approved by the Railways. These loading/unloading points can be changed as
per the requirement of the investor.
Freight Charges.
1.Freight charges will
be levied at normal tariff applicable from time to time subject to adjustment
of freight concession.
2. No freight will
be charged on movement of empty rakes to the next destination. However, if the
distance travelled is more than the loaded distance, empty freight rake will be
charged @50% of loaded traffic.
Freight Concession
1. The investor shall be
allowed freight concession @ 15% on the base
freight rate in RR itself for the entire concession period of 20 years.
2. If the investor avails any concession or financial benefit
under any other scheme in procurement of wagons, no concession shall be
admissible under this scheme
Maintenance of
wagons
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The
cost of maintenance of these wagons will be borne by the investor. The haulage
charges for moving the wagons from private terminal to the workshop/maintenance depot and back to
loading point shall be borne by the Railways.
Restricted
commodities.
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Transportation of coal and coke Ores and minerals including Iron Ore
are not permitted.
However, other commodities which are produced/consumed by the investor shall be
permissible.
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Wagon involved in Accidents
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In
the event of wagons getting condemned as a result of accidents arising out of
1. Negligence of the investor- No
compensation is payable,
2.
Negligence of Railways- Payable
by Railways @ depreciated value as per IT rules at the time of
condemnation.
Right to purchase the wagons
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In
case the investor decides to discontinue these wagons, Railways has the first
right to purchase. The condemned wagons can be directly disposed off by the
investor or through the Railways.
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