Oct 15, 2018, 1:35 PM
News Code: 83066578
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Iran, India to complete port project soon: Indian media

New Delhi, Oct 15, IRNA - An Indian media said on Monday New Delhi and Tehran have decided to launch one berth at Chabahar port in southeastern Iran before the new round of US sanctions against Iran takes full effect on November 4th.

The Times of Indiana wrote an Iranian delegation visited New Delhi last week to meet Indian officials to make every effort to complete the first berth prior to US fresh sanctions against Tehran which are due to go into effect early November.

Indian officials said, 'The project was delayed due to fears of US sanctions and efforts were on to put in place a payment mechanism for the strategically important Chabahar port through banking channels of the two countries.'

Following Washington's withdrawal from the landmark 2015 Iran nuclear deal, US re-imposed some of anti-Iran sanctions, which had been lifted under the international accord, on August 6th, while sanctions targeting oil and energy sector will start on November 4th.

Chabahar port, located in southeastern Iran and north of Oman Sea, allows India to access Afghanistan through the sea.

Last year, India sent two cargos of wheat to Afghanistan through Chabahar to expand international shipments before completing the port construction.

Chabahar port will also provide access to four cities in Afghanistan to India.

The first phase of the port was inaugurated on December 2017, with the Iranian President Hassan Rouhani and representatives from India and other regional countries attending the ceremony.

Expanding Chabahar port will be a turning point in Iran-India ties, since the port will reduce transport costs and time for India to a third.


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