Iran, India Settle Problems in Contract on Developing Chabahar Port: PMO Chief

The chief executive of Iran’s Ports and Maritime Organization (PMO) on Wednesday announced the settlement of the problems in a contract inked between Iran and India for developing the strategic Chabahar Port, saying that only a paragraph of the agreement has remained to be settled.
Ali Akbar Safaei pointed to the latest status of the contract inked with India for developing the Chabahar Port and stated that all problems of this contract were settled as of the beginning of the current administration, which assumed office in August 2021.

“Only one paragraph of the agreement has remained unsettled that should be addressed in less than a month.”

He put the value of the contract at $85 million in the form of Build-Operate-Transfer (BOT).

Completion of the construction operation of this giant project in the second phase will be carried out through investment of some other foreign countries, the deputy roads minister added.

India has so far invested $25 million at Shahid Beheshti Port of Chabahar, mainly in the procurement of gantry cranes.

Elsewhere in his remarks, the PMO chief referred to the supply of Ro-Ro vessels at ports of the country and added that chartered Ro-Ro vessels are transiting from Bandar Anzali Port to Russia once a month.

The Islamic Republic of Iran Shipping Lines has given the order to construct four cargo vessels to Iran Marine Industrial Company (SADRA), Safaei said.