Tuesday, November 28, 2017

Iran invests $1bn in developing Chabahar port

Iran has invested about $1 billion on developing the first phase of Shahid Beheshti Port in Chabahar, according to a senior official from the port.

Chabahar Port enjoys a high geopolitical status in transit and transshipment to Central Asian states and Afghanistan at the lowest price, Behrouz Baqaei, general manager of Sistan-Baluchestan Ports and Maritime Department, was quoted as saying in an Iran Daily News report, citing IRNA.

With the launching of the first phase of Shahid Beheshti Port, he noted, 100,000-tonne ship will be able to call at the port.

Baqaei stated that the development project of the port is in its final stages and President Hassan Rouhani will visit Chabahar to inaugurate it in the near future.

India has committed $500 million to Chabahar Port to open a trade and transport route to landlocked Afghanistan, as well as the resource-rich countries of Central Asia.

New Delhi plans to send seven shipments of wheat to Afghanistan via Chabahar until the end of January.

Chabahar Port, located in the Sistan-Baluchestan Province, lies outside the Gulf and can be easily accessed from India's western coast, added the report.

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