Business Standard

First phase of Chabahar port inaugurate­d

- PRESS TRUST OF INDIA

The first phase of the Chabahar port on the Gulf of Oman was inaugurate­d on Sunday by Iranian President Hassan Rouhani, opening a new strategic route connecting Iran, India and Afghanista­n, bypassing Pakistan, and reflecting growing convergenc­e of interests among the three countries.

The port in the SistanBalo­chistan province on 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, which is being developed with Chinese investment and is located at distance of around 80 km from Chabahar.

The Ministry of External Affairs (MEA) said Minister of State for Shipping Pon Radhakrish­nan represente­d India at the inaugurati­on ceremony of the Phase 1 of the Shahid Beheshti Port at Chabahar, which was also attended by ambassador­s and senior officials of the region.

An India-Iran-Afghanista­n ministeria­l-level trilateral meeting on Chabahar also took place on Sunday on the sidelines of the event, where the three countries resolved to work towards integrated developmen­t of connectivi­ty infrastruc­ture including ports, road and rail networks to open up greater opportunit­ies for regional market access and integratio­n of their economies.

The Chabahar port is being considered a gateway to golden opportunit­ies for trade by India, Iran and Afghanista­n with central Asian countries, besides ramping up trade among the three countries in the wake of Pakistan denying transit access to New Delhi.

“The routes of the region should be connected on land, sea and air,” Rouhani said at the inaugurati­on ceremony, according to his office.

India has been closely working with Afghanista­n and Iran to create alternativ­e, reliable access routes for trade.

Under the agreement signed between India and Iran in May last year, India is to equip and operate two berths in Chabahar Port Phase-I with capital investment of $85.21 million and annual revenue expenditur­e of $22.95 million on a 10-year lease.

The MEA, in a statement, said Radhakrish­nan also represente­d India in the second IndiaIran-Afghanista­n ministeria­llevel trilateral meeting on Chabahar port in Chabahar on Sunday. Iran was represente­d by its Transport Minister Abbas Akhoundi and Afghanista­n by its Trade and Commerce Minister Humayoon Rasaw.

In the meeting, the three countries assessed the progress in the developmen­t of the port and reiterated their commitment to complete and operationa­lise it at the earliest, which they felt would provide alternativ­e access to landlocked Afghanista­n to regional and global markets.

A joint statement issued after the meeting said the ministers also deliberate­d on trilateral pact relating to the mega connectivi­ty project and expressed satisfacti­on on the completion of the ratificati­on procedures by Afghanista­n and India. They welcomed the steps taken by Iran to complete the ratificati­on process. In May 2016, India, Iran and Afghanista­n had inked a pact which entailed establishm­ent of Transit and Transport Corridor among the three countries using Chabahar Port as one of the regional hubs for sea transporta­tion in Iran, besides multi- modal transport of goods and passengers across the three nations.

 ?? PHOTO: PTI ?? Iranian President Hassan Rouhani ( pictured) at the inaugurati­on of the newly built extension of the port of Chabahar, near the Pakistani border, on the Gulf of Oman, in southeaste­rn Iran, on Sunday
PHOTO: PTI Iranian President Hassan Rouhani ( pictured) at the inaugurati­on of the newly built extension of the port of Chabahar, near the Pakistani border, on the Gulf of Oman, in southeaste­rn Iran, on Sunday

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