Chabahar Port to start functioning within 12-18 months, will open doors for business with Afghanistan & Iran, says Nitin Gadkari

By: | Published: August 4, 2017 1:26 PM

Union Minister of Road Transport and Highways, Nitin Gadkari, on Friday morning, confirmed that the Chabhar Port will be functioning in next 12-18 months.

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Union Minister of Road Transport and Highways, Nitin Gadkari, on Friday morning, confirmed that the Chabhar Port will be functioning in next 12-18 months. While speaking to ANI, Gadkari said that once the Chabahar Port will start functioning, it will allow India to conduct business with countries like Afghanistan and Iran. “Chabahar Port will start functioning within 12-18 months. This opens doors for business with Afghanistan & Iran,” the senior Bharatiya Janata Party leader was quoted as saying.

Gadkari added that earlier things were more difficult for India as it had to follow the route through Pakistan but once the Chabahar Port is ready, things will become easier since it is not very far from the Kandla Port. “Chabahar & Kandla port not very far from each other. Earlier we followed the route through Pak but now we have an easy route,” he added. According to a PTI report dated April 2017, India has invested USD 500 million in the project.

Gadkari had visited Tehran in May 2015 and both the nations had inked a pact to develop the Chabahar Port. In August, Gadkari had said Iran had given very good offers to India to develop the integrated Chabahar Port, which has a special economic zone (SEZ). The port is located in the Sistan-Balochistan province on the energy-rich Persian Gulf nation’s southern coast. Since it lies outside the Persian Gulf, it is easier to access from India’s Western Coast.

As per the MoU 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 USD 85.21 million and annual revenue expenditure of USD 22.95 million on a ten-year lease. Ownership of equipment will be transferred to Iranian side on completion of 10-year period or for an extended period, based on mutual agreement.

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