Iran to handover Chabahar port to Indian company for operation in a month

NEW DELHI: Iran will handover the strategic Chabahar port to Indian company within a month for operation as per an interim pact, Iranian Minister of Roads and Urban Development Abbas Akhoundi said Thursday.

Akhoundi is in India to participate in the Mobility Summit by Niti Aaayog on the invitation of India Government.

“Now, we are ready just to handover the port (Chabahar) to the Indian company just to operate this in interim agreement that already we had with Indian part for one and a half year,” Akhoundi told reporters here.

The Chabahar port in the Sistan-Balochistan province in the energy-rich nation’s southern coast is easily accessible from India’s western coast and is increasingly seen as a counter to Pakistan’s Gwadar Port located at distance of around 80 kms from Chabahar.

Akhoundi after a meeting with his Indian counerpart Road Transport and Highways Minister Nitin Gadkari said: “We have already moved one step forward…We should introduce a banking channel to India, which we already did it and fortunately has been formally accepted by the Indian side”. (AGENCIES)