61201
India Sets 2018 Deadline for Chabahar Project’s 1st Phase
India Sets 2018 Deadline for Chabahar Project’s 1st Phase

India Sets 2018 Deadline for Chabahar Project’s 1st Phase

India Sets 2018 Deadline for Chabahar Project’s 1st Phase

India is keen on expediting the development of Chabahar Port in Iran and hopes to complete the first phase of the project next year. This was announced by India’s Minister for Road Transport and Highways and Shipping Nitin Gadkari, the local newspaper Millennium Post reported.
Located in Sistan-Baluchistan Province on Iran’s southern coast, Chabahar is easily accessed from India’s western coast, bypassing Pakistan. “We can complete the work on the first phase of the project in 2018 ... The funds are likely to be released shortly. Tenders are out for the project,” he said. Kandla Port has floated tenders inviting global bids for supply and commissioning of terminal tractor trailers, forklifts, stackers, container handlers and yard cranes among other equipment at Shahid Beheshti Port in Chabahar.
The Indian Cabinet has already approved funds for the project’s development. For greater trade and investment flow with Iran and neighboring countries, the Cabinet last year had cleared proposals for development of Chabahar Port, including through a $150 million credit from Exim Bank. It also authorized the Shipping Ministry to form a company in Iran for implementing the Chabahar Port Development Project and related activities.

 

Short URL : https://goo.gl/gFbERC
  1. https://goo.gl/d1dG7T
  • https://goo.gl/uj1VnU
  • https://goo.gl/sNdpBD
  • https://goo.gl/GMwsCo
  • https://goo.gl/QckJKs

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
Optimism Over Prospects of Iran Stocks Performance
The latest Consensus Earnings Report shows the price to...
TEDPIX Gains 2,718 Points
Tehran Stock Exchange’s main index gained 2,718.23 points or 2...
New Iranian Company Repairs Passenger Wagons
Novin Sanat Raja Company, a subsidiary of Raja Railway...
IKCO Starts New Presales
Major local carmaker Iran Khodro has introduced a special...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus