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NDFI, Chinese Finance for Chabahar Port Development

NDFI, Chinese Finance  for Chabahar Port DevelopmentNDFI, Chinese Finance  for Chabahar Port Development

The development project for Shahid Beheshti Port is likely to be financed by China as well as the resources of the National Development Fund of Iran (NDFI), FNA reported

Beheshti Port is one of the two commercial ports located on the eastern shore of Chabahar -- Iran’s southeasternmost city.

“The project is now 53 percent completed,” said the managing director of Ports and Maritime Organization (PMO) on Saturday, who added that the project has been financed by the PMO to this point.

The investment needed for developing the port is estimated to be $350 million, as the official said.

 Once the resources of the project are financed by the two newly specified channels, the project will be finished in the course of two years, said Mohammad Sa’eednejad.

According to Sa’eednejad, the development of Beheshti Port is one of the priority projects for the PMO.

In the first phase of the project, a new area for loading and unloading 6 tons of cargo will be developed, so that ships with long draft (vertical distance between the waterline and the bottom of the hull) of 14 meters can berth alongside the port, said Sa’eednejad.

 

Financialtribune.com