LAUNCHING OF LIBERALIZED ‘COMPREHENSIVE PARCEL LEASING POLICY (CPLP) & LIBERALIZED POLICY ON ‘PARCEL CARGO EXPRESS TRAINS (PCET)

LAUNCHING OF LIBERALIZED ‘COMPREHENSIVE PARCEL LEASING POLICY (CPLP) & LIBERALIZED POLICY ON ‘PARCEL CARGO EXPRESS TRAINS (PCET)

1.Liberalized ‘Comprehensive Parcel Leasing Policy (CPLP)’

With a view to make the ‘Comprehensive Parcel Leasing Policy (CPLP)’ customer friendly, following changes are being made –
To bring stability and adequate time for business development, the duration of parcel leasing scheme is being increased from 3 years to 5 years;

Insulation from budgetary hike –
•Assured leased rates with fixed escalation @10% from 4th year
• Realistic assessment of bids

Security deposit is being rationalized as under –
•Fixed @10% of contract value for 1st year
•Incentive to run the contract for the full period

Powers is being delegated to zonal railways to fix the reserve price –
•For the 1st time zones are empowered to revise reserve price downwardly
•A Paradigm shift, this will bring dynamic pricing in parcel business depending upon various OD flows
Powers is being delegated to zonal railways to enhance EMDs amount. This will curb fake and fictitious bidders.

2.Liberalized policy on ‘Parcel Cargo Express Trains (PCET)’

The following changes are being made in PCET policy –

Duration of contract is being increased from 3 years to 6 years to give stability and adequate time for development of business

Insulation from budgetary hike
•Assured leased rates with fixed escalation @10% from 4th year
•Realistic assessment of bids

Security deposit is being rationalized as under –
•Fixed @10% of contract value for 1st year
•Incentive to run the contract for the full period

Powers is being delegated to zonal railways to fix the reserve price – For the 1st time zones empowered to revise reserve price downwardly

Minimum composition of PCET reduced to 15 vans for first 6 months of the contract period to give time to the leaseholder in the initial stage to develop business

Empowerment to Tender Committee
•SOP to finalize PCET tenders delegated
•DRMs empowered upto Rs. 25 Crore

Loading/ unloading facility at more intermediate stations – 4 intermediate stations is being allowed for a distance of 2000 km.

Souorce : PIB