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Policy for leasing of parcel vans modified

By STAFF REPORTER
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GUWAHATI, Dec 2 - The Indian Railways has modified the policy for leasing of parcel vans through premium trains like Shatabdi, Jan Shatabdi, Duronto Express, and Rajdhani Express to provide more facilities to transporters.

�As per the modified policy, leasing of Linke Hofmann Busch (LHB) type parcel van has been permitted by trains like Rajdhani Express and Duronto Express trains on end-to-end basis. Leasing of parcel vans has also been permitted by ordinary passenger trains subject to no loss of punctuality of those trains due to loading/unloading operation. Moreover, the Railways has also decided to amend the security deposit and performance guarantee clause for leasing of the parcel cargo Express trains,� Northeast Frontier Railway (NFR) Chief Public Relations Officer (CPRO) Subhanan Chanda said in a statement.

He added, �Now the successful bidder has to deposit the security deposit equivalent to five per cent of the contract value within 30 days from the date of issuance of the �Letter of Acceptance�.�

Chanda said that the security deposit or performance guarantee for leasing out one brake van (SLR) has also been modified to 5 per cent of the annual contractual value in place of 10 per cent as required earlier subject to minimum of Rs 1 lakh.

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Policy for leasing of parcel vans modified

GUWAHATI, Dec 2 - The Indian Railways has modified the policy for leasing of parcel vans through premium trains like Shatabdi, Jan Shatabdi, Duronto Express, and Rajdhani Express to provide more facilities to transporters.

�As per the modified policy, leasing of Linke Hofmann Busch (LHB) type parcel van has been permitted by trains like Rajdhani Express and Duronto Express trains on end-to-end basis. Leasing of parcel vans has also been permitted by ordinary passenger trains subject to no loss of punctuality of those trains due to loading/unloading operation. Moreover, the Railways has also decided to amend the security deposit and performance guarantee clause for leasing of the parcel cargo Express trains,� Northeast Frontier Railway (NFR) Chief Public Relations Officer (CPRO) Subhanan Chanda said in a statement.

He added, �Now the successful bidder has to deposit the security deposit equivalent to five per cent of the contract value within 30 days from the date of issuance of the �Letter of Acceptance�.�

Chanda said that the security deposit or performance guarantee for leasing out one brake van (SLR) has also been modified to 5 per cent of the annual contractual value in place of 10 per cent as required earlier subject to minimum of Rs 1 lakh.

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