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Revenue share port line opens

07 Jun 2011

INDIA: The first line built under the government's Railways Infrastructure for Industry Initiative to attract private finance for rail projects opened on May 8, when a train of Australian coal left the new Port of Dhamra for Tata Steel's Jamshedpur plant.

The 62 km single track line serving the east coast port has been developed on a revenue sharing basis between IR and Chamra Port Co, a 50:50 joint venture of Larsen & Toubro and Tata Steel which holds a 34 year concession to build and operate the deepwater facility.