NEW DELHI (Reuters) – India hopes to soon start full operations at a portion of Iran’s port of Chabahar as the two countries are close to resolving various disputes including financing, the country’s roads minister said on Tuesday.
The Indian-backed Chabahar port complex on Iran’s coast along the Gulf of Oman is being developed as a transportation corridor for land-locked Afghanistan.
May - India - Deal - Iran - Terminals
In May 2016, India signed a deal with Iran to develop two terminals with five berths at the Shahid Beheshti area in Chabahar.
Under the agreement, India would build a 600-metre (1,969 feet) cargo terminal and a 640-metre container terminal. However, only a portion of the two berths have been finished because of deteriorating relations between the United States and Iran after the election of President Donald Trump in November 2016 that culminated with the reimpositon of economic sanctions last year.
December - India - Operations - Part - Shahid
In December, India took over operations at part of the Shahid Beheshti port, according to a statement from the Ministry of Shipping released on Monday.
On Tuesday, Nitin Gadkari, India’s Minster of Road Transport, met with Iran’s Foreign Minister Mohammad Javad Zarif in New Delhi. After the meeting he said the two sides were close to resolving various issues, including over banking payment mechanisms to...
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