India to invest $85 mln in Iranian port

Young journalists club

News ID: 23560
Iran » Iran
Publish Date: 15:17 - 29 May 2018
TEHRAN, May 29 - Indian IPGL is going to make $85 million investment in southern Iranian port of Chabahar.

India to invest $85 mln investment in Iranian portTEHRAN, Young Journalists Club (YJC) - Head of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad said the agreement has been signed between Iran and India for supplying equipment for Chabahar Port as BOT agreement for 10 years for producing and buying the equipment.

Chabahar Port Terminal is expected to be launched by mid July, he said.

He also said Shahid Beheshti Port in Chabahar is expected to play its role as a chain connecting Indian Ocean states to Central Asia.


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