Indian Railways have issued a new policy called “Long Term Tariff Contract” (LTTC) with an objective to provide stability and certainty in the logistic operations both for Railways and its freight customers.
Under this scheme, the customers will enter into a long term contract with Railways offering assured traffic to the Railways and in turn, they will get assurance of certainty in supply of rakes and tariff rates as well as freight rebate.
In view of the above, a meeting has been organised by East Coast Railway today at Rail Sadan with the representatives of ports, industries and other customers, presided over by General Manager ECoR Shri Umesh Singh.
East Coast Railway will offer the industries dedicated wagons during peak season, with an objective to provide stability and certainty in the logistics sector. The various Industries spelt out their Annual Plan for year 2017-18 and made various commitments regarding production and rail despatches.
Addl. General Manager Shri Rajiv Sharma, Chief Commercial Manager Shri B. P. Swain and other senior level officers of ECoR including representatives of Industries, Ports participated in this vital meeting.