India to Start Interim Development Operations at Chabahar Next Week

Notwithstanding the plans by the United States to impose fresh sanctions on Iran nuclear deal, India is all set to begin interim operations in the strategically important Chabahar Port project next week, Indian shipping ministry officials familiar with the development said.
India has selected an Iranian company, Kaveh Port and Marine Services, for running the operations for 18 months until it selects a firm to manage and maintain the facility for the long term. 
As per a memorandum of understanding signed between India and Iran in May 2016, India would equip and operate two terminals in Chabahar Port's Phase I with a capital investment of $85.21 million and annual revenue expenditure of $22.95 million on a 10-year lease, Hindustan Times reported on Friday.
“We have been able to enter Chabahar Port for interim operations, which will start from June 13,” said shipping secretary, Gopal Krishna.