In­vest­ment in Chaba­har port ex­ceeds €30m

Iran Daily - - Domestic Economy -

Chaba­har port lo­gis­tics’ sec­tion has drawn more than €30 mil­lion in in­vest­ment since March 21, an­nounced the di­rec­tor gen­eral of Ports and Mar­itime Or­ga­ni­za­tion in the south­east­ern prov­ince of Sis­tan-baluches­tan.

Behrouz Aqaei fur­ther pointed out on Satur­day that Chaba­har port plays an im­por­tant role in re­gional and in­ter­na­tional tran­sit, re­ported Fars News Agency.

Chaba­har port, he added, of­fers an “im­por­tant and cheap route for land­locked coun­tries, such as Afghanistan, to con­nect to high seas”.

The fact that Iran has in­vested over one bil­lion dol­lars in the first phase of Sha­heed Be­heshti Port in Chaba­har to de­velop the in­fras­truc­tures shows how im­por­tant the port is, Aqaei said.

He said that the tran­sit of 110,000 tons of wheat and grains to Afghanistan was an ex­am­ple of the im­por­tance of sea trans­porta­tion, adding that in the five months, tran­sit of goods via Chaba­har has grown six­fold against the fig­ure for the past five years.

Not­ing that Chaba­har is known as the Gate­way of Na­tions, Aqaei added that its ex­emp­tion from US sanc­tions would con­trib­ute to the port’s progress in in­ter­na­tional trade.

Af­ter the US an­nounced the sec­ond round of uni­lat­eral sanc­tions against Iran on Novem­ber 5, Trump ad­min­is­tra­tion was forced to is­sue ex­emp­tions to al­le­vi­ate the neg­a­tive im­pacts of anti-iran eco­nomic war for the world.

The first list of ex­emp­tions in­cluded eight ma­jor buy­ers of Iran’s oil: Ja­pan, China, South Korea, Tai­wan, In­dia, Turkey, Greece and Italy.

Iraq and Afghanistan were later ex­cused in sep­a­rate per­mis­sion and Chaba­har port was also ex­empted be­cause of In­dia and China’s in­volve­ment in de­vel­op­ing the in­ter­na­tional hub.

IRNA

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