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 ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...

Add new comment

Read our comment policy before posting your viewpoints