H.E. Mr. Nitin Gadkari, Minister for Shipping and Road Transport & Highways of the Republic of India and H.E. Dr. Abbas Ahmad Akhoundi, Minister for Transport and Urban Development of the Islamic Republic of Iran signed an inter-Governmental MoU today
regarding India’s participation in the development of the Chabahar Port in Iran.
With the signing of this MoU, Indian and Iranian commercial entities would now be in a position to commence negotiations towards finalization of a commercial contract under which Indian firms will lease two existing berths at the Port and operationalize them
as container and multi-purpose cargo terminals.
The availability of a functional container and multipurpose cargo terminal at Chabahar Port would provide Afghanistan’s garland road network system alternate access to a sea port, significantly enhancing Afghanistan’s overall connectivity to regional and global
markets, and providing a fillip to the ongoing reconstruction and humanitarian efforts in the country.
May 06, 2015
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