Delhi to sell 5pc of Concor to finance trackside freight stations

Jun.5--THE Government of India plans to sell another five per cent of Container Corporation of India (Concor), its subsidiary that handles two-thirds of the nation's intermodal volumes, reports the daily Hindu of Chennai.

The proceeds of the sale would finance ongoing investment in growth areas outside the container transportation sector, said a Hindu daily source. 

The government holds a 61.79 per cent stake in Concor that operates 60 container freight stations, and a stake in the Nhava Sheva box port,N in a joint venture with Maersk's APM Terminals. 

Concor plans to investing in private freight terminals to develop six to eight non-box freight handling operations along railway lines within two to three years.