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AFTO - presentation - given by DFM Ms Rita Raj

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freight marketingInvestment Policy onAutomobile Freight Train Operator (AFTO)
Objective: With a view to increase IR’s market share in transportation of automobile by inviting private participation for procurement and operation of special purpose wagons, a new scheme namely Automobile Freight Train Operator (AFTO) Scheme was introduced during the year 2010.In view of representations of prospective logistics service providers, the scheme was reviewed during the year 2013 and the revised policy on Automobile Freight Train Operator Scheme (AFTO) was issued on 22.02.2013.
Automobile Freight Train Operator (AFTO)
Eligibility:Transporter or logistic providerPort and Land Terminal OperatorWarehouse OperatorContainer Train OperatorManufacturerWagon Leasing CompanyCompany should have a net worth of minimum of Rs. 20 Cr. or is having an annual turnover of minimum30 Cr.
Automobile Freight Train Operator (AFTO)
Salient featuresOne time upfront registration fee of Rs.5croresTrain operator will be free to charge tariff from end user.Applicant has to apply to Board’s Office for Registration as AFTO.Minimum investment for 3 rakes along with 4% maintenance spare and brake van. However, AFTO can procure any number of rakes under one registration.Trains procured under AFT will not be merged in the wagon pool of Indian Railwayscontd…….
Automobile Freight Train Operator (AFTO)
Salient featuresPeriod of agreement for 20 years, extendable till expiry of codal life of wagon.Maintenance of wagons by railways at its own cost except special components, cost of which will be defrayed by investor.Freight rates for AFTO are separate for loaded direction and empty directionTerminal Access Charges also to be levied.Back loading of automobile verticals (auto ancillaries, auto spare parts etc.) are charged at per wagon load rate instead of rake ratecontd…….
Automobile Freight Train Operator (AFTO)
Salient featuresFree to run trains from Railway Terminals open for automobiles or from private terminalsFree to terminate the agreement before expiry of agreement by giving three months notice.AFTO shall nominate a base terminal from where it will operate so that a base maintenance depot can be nominated by the railways.Agreement will be signed by the CCM(FM) of the concerned zonal railway.
Automobile Freight Train Operator (AFTO)
Response from IndustryM/sMarutiSuzuki have registered under the scheme.They had placed order for 3 rakes, out of which 2 rakes are in operation fromGurgaon(NR) toNidvanda(SWR).One more rake is expected to be inducted very soon.M/sMarutiSuzuki expect to start services fromGurgaontoWarrdha(CR) andGurgaontoChitpur(ER).
Automobile Freight Train Operator (AFTO)
Response from IndustryM/s APL Logistics/VasscorAutomotivePvtLtd. have also registered under the scheme.They had placed order for 3 rakes, out of which 2 rakes are in operation fromMelpakkam(SR) toKhatuwas(NWR).One more rake is expected to be inducted very soon.The party has also requested for another 3 rakes, which is under process for approval.
Automobile Freight Train Operator (AFTO)
Earnings from AFTO rakesFor running of two rakes procured by M/sMarutiSuzuki Ltd., Railways could be able to fetch an earnings of Rs. 8.60crores, in total number of 23 trips, sinceinduction of rakes i.e. 05.03.2014.For running of two rakes procured by M/s APL Logistics/VasscorAutomotivePvtLtd. , Railways could be able to fetch an earnings of Rs. 4.32crores,in total number of in9 trips, sinceinduction of rakes i.e. 06.09.2014.
Automobile Freight Train Operator (AFTO)
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AFTO - presentation - given by DFM Ms Rita Raj