46351
India: Chabahar Expected to Become Operational in 1.5-2 Yrs.
Economy, Domestic Economy

India: Chabahar Expected to Become Operational in 1.5-2 Yrs.

Commercial operations at Iran's southern Chabahar Port are expected to start in 18-24 months, says India's Minister of State for Shipping P Radhakrishnan.
In May, India signed a milestone agreement with Iran to invest $500 million to develop the strategic port, which will give India access to Afghanistan and Europe bypassing Pakistan, the Indian newspaper Business Standard reported.
On access through Chabahar, the minister said, "India will get access to Eastern Transit Corridor to eastern parts of Iran, Afghanistan, CIS countries like Turkmenistan, Uzbekistan, etc., and alternative to North South Corridor."
"The West Coast of India, with ports like Kandla and Mumbai/JNPT, will get the maximum benefit," he added.
On funds that India will provide to Iran, Radhakrishnan referred to $150 million for development of Phase 1 of the port within four months of receiving application from the Central Bank of Iran, in addition to outfitting both terminals with equipment worth $85 million within 18 months.

Short URL : http://goo.gl/Se3rPO
  1. http://goo.gl/dNoJRV
  • http://goo.gl/vCINjd
  • http://goo.gl/tEPSNW
  • http://goo.gl/livoMq
  • http://goo.gl/oQMmRU

You can also read ...

At Tuesday's event, representatives from PwC hobnobbed with senior officials and business figures. - Photos by Saeed Ameri
PricewaterhouseCoopers, a leading multinational professional...
The busiest Iranian airport, Tehran’s International Mehrabad Airport, handles 400 daily flights on average.
An Iranian official said the country’s airport organization...
BMI’s Hong Kong Branch Restarts Operations
The Hong Kong branch of Melli Bank London PLC, a subsidiary of...
Fintechs Among Top Iranian Firms
No more than just a few years have passed since Iranian...
Production lines of Cherry ‘A5’ and ‘Qq’ along with Lifan X50 and X60 have been halted.
Production lines of four Chinese mid-range vehicles have been...
IKCO Says Planning  Green Cars
Iran Khodro says it will produce eco-friendly vehicles in the...
TEDPIX Hits 45-Month High
Tehran Stock Exchange’s main index jumped 497.90 points or 0....
Steel production output capacity stands at 37 million tons, with long steel capacity accounting for more than 70%.
The government has turned to various experts for assessing the...

Trending

Googleplus