India-Nepal Signs Rail Services Agreement, Rail Service Will Start Both Countries Soon
India-Nepal Rail Services: Rail service between India-Nepal will start very soon. India and Nepal have signed a Letter of Exchange (LoE) to revise the India-Nepal Rail Service Agreement (RSA) of 2004.
Kathmandu. Many important agreements were made between India and Nepal to restore train service. Several important agreements were signed between the two countries on Friday. India and Nepal have signed a Letter of Exchange (LoE) to amend the India-Nepal Rail Services Agreement (RSA) of 2004, which will facilitate import and export of goods through Indian Railways freight services.
According to a release from the Indian Embassy in Kathmandu, a virtual ceremony was held on Friday between the governments of the two countries for the exchange of copies of the note verbal and signed LoE.
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From the Indian side, the function was led by Sanjay Kumar Mohanty, Member (Operations and Business Development), Ministry of Railways. While from the Nepal side it was led by Dinesh Bhattarai, Secretary, Ministry of Commerce, Industry and Supplies.
The ceremony was attended by Vinay Mohan Kwatra, Ambassador of India to Nepal, Nilambar Acharya, Ambassador of Nepal to India, Anurag Srivastava, Joint Secretary (North) in the Ministry of External Affairs of India and Teerth Raj Wagle, Joint Secretary (South Asia) in the Ministry of Foreign Affairs of Nepal. was held.
These important facilities will increase between the two countries
With the implementation of the LoE, now all authorized cargo train operators, including public and private container train operators, automobile freight train operators, special goods train operators or any other operator authorized by the Indian Railways, are now allowed to transport container and other freight to Nepal. Will be able to use the Indian Railways network. Both the countries will be able to use the rail network from Indian ports to Nepal bilaterally or between third countries.
“This liberalization will allow market forces to come into the rail freight segment in Nepal, and is likely to increase efficiency and cost-competition, ultimately benefiting Nepalese traders, transporters and consumers,” the release said. “
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The release further said, “The LoE also updates several other parts of the India-Nepal RSA and brings them in line with the latest operational and infrastructure status of the Indian and Nepalese Railways. Hence it is under a “neighborhood first” policy. Another milestone in India’s efforts to enhance regional connectivity.
In addition, after this LOE, all types of cargo in all categories of wagons that can carry freight on the Indian Railways network within India can also carry goods from Nepal. Liberalization will reduce the transportation cost especially for automobiles and some other products which are transported in special wagons. Wagons owned by Nepal Railway Company will also be authorized to carry Nepal bound goods (in and out of Kolkata/Haldia to Biratnagar/Birganj routes) on Indian Railway network as per IR standards and procedures.
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