First phase of Chabahar project likely to be completed by 2018
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PORTS & SHIPPING

First phase of Chabahar project likely to be completed by 2018

01 Apr 2017 1 Min Read CW Team
The Cabinet has cleared proposals for the development of Chabahar port in Iran through a $150 mn credit from Exim Bank. India will equip and operate two berths in Chabahar Port Phase-I with capital investment of $85.21 mn and annual revenue expenditure of $22.95 mn on a 10-year lease. The first phase is likely be completed by 2018. Ownership of equipment will be transferred to the Iranian side on completion of the 10-year period.

The Cabinet has cleared proposals for the development of Chabahar port in Iran through a $150 mn credit from Exim Bank. India will equip and operate two berths in Chabahar Port Phase-I with capital investment of $85.21 mn and annual revenue expenditure of $22.95 mn on a 10-year lease. The first phase is likely be completed by 2018. Ownership of equipment will be transferred to the Iranian side on completion of the 10-year period.

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