News ID: 276728
Published: 0321 GMT November 13, 2020

Indian equipment for Chabahar development to arrive by March: PMO

Indian equipment for Chabahar development to arrive by March: PMO

The first consignment of the Indian equipment for the development of Chabahar port will arrive in Iran by March 2021, said the head of Ports and Maritime Organization (PMO).

Mohammad Rastad told Mehr News Agency that considering its geographical location, Chabahar port can play a significant role in improving and promoting Iran’s transit volume.

“The coastal countries of the Indian Ocean, in particular, India, the Central Asian countries, and Afghanistan can take advantage of Chabahar port for the imports and exports of their products.”

Rastad said Iran, India, and Afghanistan inked a trilateral agreement, known as the Chabahar Agreement, which is aimed at increasing the transit level at the port and using its capacities and potentials.

He continued: “In the first steps of construction and development of Chabahar port, we initially penned a contract with an Indian operator, and the operator is continuing its cooperation with Iran under a temporary contract and we are getting prepared to pen a 10-year build-operate-transfer (BOT) contract with the Indian side, worth $85 million.”

“Negotiations have been conducted with foreign partners to attract investments into Chabahar port, while Iran expects further foreign investments in the near future,” he said.



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