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Chabahar port project likely to stay unaffected
By D.R. Chaudhury, ET Bureau | May 15, 2018, 08.59 AM IST
India is developing Chabahar port in Iran as atransport corridor to Afghanistan & Central Asia
NEW DELHI: US President Donald Trump’s decision to re-impose economic sanctions on Iran will not, for the time being, affect India’s plans to develop the strategic port of Chabahar in that country, people close to the development indicated to ET.
India is developing the port of Chabahar as a transport corridor to landlocked Afghanistan and Central Asia with Pakistan refusing India access to Afghanistan through its territory. The US sanctions on Iran follow Trump’s announcement last week to withdraw the US from the landmark 2015 Iran nuclear deal.
During a trip here last year, the then US secretary of state Rex Tillerson had assured of US support for India's role in the Chabahar port as Delhi started supplying wheat to Afghanistan via the port under a trilateral pact between India-Iran-Afghanistan.
ET has learnt that the US support to India on the project still holds and Delhi's role in expanding the port is not yet threatened by sanctions.
Senior Indian officials incidentally were in Iran last week to expedite a critical element associated with the project. The officials visited Iran to identify a local operator for managing the first phase of the port as part of an interim arrangement amid decision by the Trump administration to pull out of the deal. The interim arrangement will be in place from next month.
India signed a short-term lease, as part of the agreement signed during the visit of Iranian President Hassan Rouhani in February, to start interim operations for the port.
Delhi has committed $500 million for the Chabahar Port complex besides $235 million for the port expansion project. Delhi will also build a 500-km-rail link between Chabahar and Zahedan in Iran, which will then be extended to Zaranj in Afghanistan.
The Indian company that will manage, operate and maintain the container and multipurpose terminals in phase 1 at the port for a decade after the interim arrangement could also be picked up soon. During his visit here last October, Tillerson had said that US sanctions against Iran are targeting Iran's “destabilizing activities” not the Iranian people or the “legitimate” business activities of other countries.
https://m.economictimes.com/news/po...y-to-stay-unaffected/articleshow/64168607.cms
By D.R. Chaudhury, ET Bureau | May 15, 2018, 08.59 AM IST
India is developing Chabahar port in Iran as atransport corridor to Afghanistan & Central Asia
NEW DELHI: US President Donald Trump’s decision to re-impose economic sanctions on Iran will not, for the time being, affect India’s plans to develop the strategic port of Chabahar in that country, people close to the development indicated to ET.
India is developing the port of Chabahar as a transport corridor to landlocked Afghanistan and Central Asia with Pakistan refusing India access to Afghanistan through its territory. The US sanctions on Iran follow Trump’s announcement last week to withdraw the US from the landmark 2015 Iran nuclear deal.
During a trip here last year, the then US secretary of state Rex Tillerson had assured of US support for India's role in the Chabahar port as Delhi started supplying wheat to Afghanistan via the port under a trilateral pact between India-Iran-Afghanistan.
ET has learnt that the US support to India on the project still holds and Delhi's role in expanding the port is not yet threatened by sanctions.
Senior Indian officials incidentally were in Iran last week to expedite a critical element associated with the project. The officials visited Iran to identify a local operator for managing the first phase of the port as part of an interim arrangement amid decision by the Trump administration to pull out of the deal. The interim arrangement will be in place from next month.
India signed a short-term lease, as part of the agreement signed during the visit of Iranian President Hassan Rouhani in February, to start interim operations for the port.
Delhi has committed $500 million for the Chabahar Port complex besides $235 million for the port expansion project. Delhi will also build a 500-km-rail link between Chabahar and Zahedan in Iran, which will then be extended to Zaranj in Afghanistan.
The Indian company that will manage, operate and maintain the container and multipurpose terminals in phase 1 at the port for a decade after the interim arrangement could also be picked up soon. During his visit here last October, Tillerson had said that US sanctions against Iran are targeting Iran's “destabilizing activities” not the Iranian people or the “legitimate” business activities of other countries.
https://m.economictimes.com/news/po...y-to-stay-unaffected/articleshow/64168607.cms
