Aimed at bringing down logistics costs by providing rail connectivity to ports, Indian Port Rail Corporation along with other agencies are implementing projects worth Rs 18,795 crore, the government has said. IPRCL, a joint venture between major ports and Rail Vikas Nigam Ltd (RVNL), as a dedicated SPV is developing railways as a mode of transport in the port sector under the government's ambitious initiative Sagarmala - a flagship programme for port led-development in the country.