Chabahar Port Development

26th Feburaray, 2016

Chabahar Port Development 

The Union Cabinet has given its approval to the proposal of the Ministry of Shipping for provision and for operationalization of credit of 150 million USD from EXIM Bank for development of Chabahar Port in Iran. 

Chabahar Port lies outside the Persian Gulf in Iran and will help in expanding maritime commerce in the region. 

It provides opportunities to Indian companies to penetrate and enhance their footprint in the region. 

It will be operated by the 

1) India Ports Global Private Limited and 
2) Kandla Port Trust 

A company will be formed in Iran for implementing the Chabahar Port Development Project and related activities.