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20% Rise in Private Chabahar Investment

20% Rise in Private Chabahar Investment 20% Rise in Private Chabahar Investment

Seven contracts by the private sector worth 4,080 billion rials ($25 million) were finalized at Chabahar Port last year (March 2019-20), indicating a 20% rise compared with the year before. 
According to Hossein Shahdadi, a senior official with Sistan-Baluchestan Ports and Maritime Organization, these investments will be made in various fields, including the construction of petroleum and liquefied natural gas reservoirs, multi-purpose warehouses and truck cleaning and disinfecting sites. 
“Plans are to conclude five new contracts worth 2,500 billion rials ($15.43 million) in the first half of the current year (March 20-Sept. 21),” he was quoted as saying by the news outlet of the Ministry of Roads and Urban Development. 
Chabahar, Iran’s sole oceanic port along its southeastern coast, serves as a transit route linking India, Iran and Afghanistan, bypassing Pakistan.

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