Chabahar port phase-I opens, to boost India-Iran trade

Chabahar port phase-I opens, to boost India-Iran trade

Chabahar: Iranian President Hassan Rouhani poses during the inauguration a newly built extension of the port of Chabaha, near the Pakistani border, on the Gulf of Oman, southeastern Iran, Sunday, Dec. 3, 2017. With Iran in the dock for its suspect nuclear programme and India keen to see its civil nuclear pact with the United States tied up (the agreement was finally signed in 2008), discussions on the port development went slow.

Under the agreement signed between India and Iran in May last year, India is to equip and operate two berths in Chabahar Port Phase-I with capital investment of Dollars 85.21 million and annual revenue expenditure of USD 22.95 million on a 10-year lease.

The three Ministers welcomed the inauguration of Phase-1 of the Chabahar Port by the President of Iran earlier in the day.

Apart from the rise in maritime trade, the port's strategic location gives India access to two overland trade routes: The Trilateral Transport and Transit Corridor (TTTC), which heads north through Afghanistan, and onward into Central Asia, and the North-South Transport Corridor, which uses Iranian infrastructure to pass into Azerbaijan, and through it to Russian Federation and Europe.

In late October, India shipped its first consignment of wheat to Afghanistan from the western Indian port of Kandla.

The Chabahar port's development was accelerated after Tehran signed the nuclear pact, formally known as the Joint Comprehensive Plan of Action, with Washington and five other major powers in 2015 to put curbs on its disputed nuclear programme in exchange for relief from punishing economic sanctions.

Chabahar Port is an interconnector between South-East Asia, Central Asia and Afghanistan.

Читайте также: Chiefs vs. Jets: Marcus Peters leaves game in fourth quarter

The inauguration comes at a time when Pakistan is blocking access between India and Afghanistan.

At a press conference last week, the head of Sistan-Baluchestan's Ports and Maritime Bureau said costs for each 20-foot container were $1,000 lower if transported through Chabahar to Afghanistan compared with the Pakistan route.

India has prepared massive investment plans, which will include a network of roads and railways at a cost of Dollars 15 billion, as part of its strategic push in the area.

After connecting Chabahar to Zahedan, the railroad will be linked to Zaranj in Afghanistan. "We welcome other ports in the region, we welcome Gwadar's development", he said.

"Chabahar should also have road, rail and airport to be all set for imports and exports", he added. The ministers agreed to further intensify efforts on issues concerning regional connectivity and to focus on Chabahar Port development under the May 2016 Trilateral Transit and Trade Agreement.

First of all, the new port will allow India to counter the blockade created by Pakistan.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related Articles

  • Is Elon Musk's story about sending a auto  to Mars fake news?

    Is Elon Musk's story about sending a auto to Mars fake news?

    The Falcon Heavy rocket features 27 Merlin engines and boasts at least double the thrust of any other rocket on the market. The stronger force the Falcon Heavy will allow the company to perform missions beyond the low orbit area of Earth.
    Missing teen found safe in NY

    Missing teen found safe in NY

    Ward Frisina said there were no indications his daughter might run away and it's not like her to be out of touch with her family. Authorities say a missing Florida teenager who was spotted in Dorchester County earlier this week has been found safe in NY .
    White Victoria Secret Angels Face Backlash For Singing The N-Word

    White Victoria Secret Angels Face Backlash For Singing The N-Word

    Some people took a dim view of the models using the n-word, no matter how unintentional it apparently was. As Teen Vogue shares, the clip has come under fire for what appears to be some models rapping the N-word.
  • Prince Harry and Meghan Markle attend first public event together after engagement

    Prince Harry and Meghan Markle attend first public event together after engagement

    Alison said: 'He touched me, he curve balled me!' as Ruth encouraged her to chase Meghan Markle next. The couple's engagement was announced by Clarence House on Monday, in a statement posted to Twitter.
    Eagles sign Alshon Jeffery to a four-year extension

    Eagles sign Alshon Jeffery to a four-year extension

    Alshon Jeffery took a major bet on himself by signing a one-year deal with the Philadelphia Eagles and that bet has paid off. The deal announced Saturday, Dec. 2, 2017, is reportedly worth $52 million, with $27 million guaranteed.
    Tiger Woods' Masters odds just went way down

    Tiger Woods' Masters odds just went way down

    World No 1 Dustin Johnson and Open champion Jordan Spieth are two behind along with Justin Rose and Kevin Chappell. I had a lot of adrenaline going and I had to dial it back a bit.
  • Washington reaction to ICBM test a

    Washington reaction to ICBM test a "bloodthirsty tirade": Lavrov

    Instead, the U.S. suddenly announced it would be holding the drills in October, then November, then December. Lavrov described Russia's stance on the North Korean issue as "direct, honest and open".
    Dodgers in Control of San Francisco Giants Pursuit of Giancarlo Stanton

    Dodgers in Control of San Francisco Giants Pursuit of Giancarlo Stanton

    According to Jon Morosi of Fox Sports, the Marlins have "agreed to general framework" of deals with both the Giants and Cardinals. Buster Olney of ESPN added , "Friends of Stanton say that in his ideal world, he'd get to play for the Los Angeles Dodgers ".
    Israel Bombs Syrian 'Military Targets' near Damascus

    Israel Bombs Syrian 'Military Targets' near Damascus

    The incident reportedly occurred Friday night, with IDF planes attacking the Iranian base at al-Kiswah, south of Damascus. Syrian media reported Saturday that the " Israeli enemy fired missiles at an army base outside Damascus".
  • Aaron Boone to be named next manager of Yankees

    Aaron Boone to be named next manager of Yankees

    Girardi managed the Yankees for 10 years, including a World Series championship season in 2009. Boone told reporters after his interview that he's been preparing for this job "for 44 years".
    Could Jimbo Fisher be on early morning flight from Tallahassee to Texas?

    Could Jimbo Fisher be on early morning flight from Tallahassee to Texas?

    Clemson coach Dabo Swinney: "Evidently he feels like that's the right move for him and his family and the right time to do so". I believe Texas A&M is getting one of the best coaches in college football.
    'All crew members are DEAD' Search for missing submarine ends in tragedy

    'All crew members are DEAD' Search for missing submarine ends in tragedy

    Some family members have denounced the navy's response to the sub's disappearance as well as the age and condition of the vessel. The search for the San Juan has employed some of the latest technology in one of the largest efforts of its kind.