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 ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Roads and Urban Development Minister Abbas Akhoundi has...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus