Gross Tonne Mile definition

Gross Tonne Mile or “gtm” means:
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Gross Tonne Mile in relation to a train, means a mile travelled on the Network, multiplied by each tonne of the aggregate weight of the train in question;
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Gross Tonne Mile in relation to a train, means a mile travelled on the Network, multiplied by each tonne of the aggregate weight of the train in question; "Initial Indexation Factor" is derived from the following formula: ) 𝐼𝐼𝐹 = (1 + (𝐶𝑃𝐼2018−𝐶𝑃𝐼2017) 2 𝐶𝑃𝐼2017 where: IIF means the Initial Indexation Factor; CPI2017 means the CPI published or determined with respect to the month of November 2017; and CPI2018 means the CPI published or determined with respect to the month of November 2018. The value derived from this formula shall be rounded to three decimal places;
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Examples of Gross Tonne Mile in a sentence

  • The charge is paid by RUs running electrified vehicles on a pence per electrified vehicle mile basis for passenger operators or £ per electrified KGTM (Thousand Gross Tonne Mile) basis for freight operators.


More Definitions of Gross Tonne Mile

Gross Tonne Mile in relation to a train, means a mile travelled on the
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Gross Tonne Mile in relation to a train, means a mile travelled on the CVL, multiplied by each tonne of the aggregate weight of the train in question;
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