India committed to invest $500m in Chabahar Port
India Global Ports Limited (IGPL) is committed to investing up to $500m to develop Chabahar Port in southern Iran as part of series of projects worth hundreds of millions of dollars, a senior official said. Alireza Jahan, the representative of the Iranian partner of IGPL, said the investments will be made over the next 10 years to equip the port of Chabahar with special loading and unloading harbor facilities. IGPL has been tasked with administering and running the terminal of the first phase of ‘Beheshti harbor’ at Chabahar Port. IGPL also officially is in charge of navigation in the port of Chabahar from January with $85 million investment.
Largest Ever Bulk Carrier Docks at Iran’s Chabahar Port
A vessel carrying 72,000 tons of bulk corn from Brazil arrived and unloaded in Chabahar’s Shahid Beheshti Port on Thursday. According to the director of Sistan-Baluchestan Ports and Maritime Organization, this was the largest bulk carrier to ever dock at this southern Iranian strategic port. “Upon the completion of the unloading phase, the cargo will be sent to local destinations,” he said. Abbas Azarpaykan, deputy for Technical and Engineering Department of Sistan-Baluchestan Ports and Maritime Organization, announced that the country’s highest marine control tower will be constructed at Chabahar Port in the near future. Source: Financial Tribune
Iran’s Chabahar Port to Play Key Role in Future Economy of Region
Iran, Afghanistan, and India believe the Chabahar port in south-east of Iran, which is being developed by Indian investors, will play a vital role in the future economy of region, particularly in that of the crisis-hit Afghanistan. India, Iran and Afghanistan have been involved in negotiations on the development of the Chabahar port since 2003. Chabahar was stuck and delayed for a long time due to the UN sanctions on Iran. The Indian government rushed in after the lifting of UN sanctions, earlier the same year (2016) on January 16 with the signing of JCPOA, the nuclear deal between Iran and world powers, before the situation deteriorated again. India, Iran and Afghanistan finally signed Chabahar port agreement on May 23, 2016.Upload News