Chabahar Port New Delhi: Showing New Delhi's commitment towards developing the strategic connectivity project that can provide access to markets in Central Asia, the Indian government has delivered a consignment of heavy equipment, including cranes, for further development of Iran’s Chabahar port, media reports said.
The consignment included two mobile harbour cranes of 140 tonnes, which were acquired from the Italian firm Italgru S.r.l. under a deal for a total of six cranes, people familiar with developments on condition of anonymity told Hindustan Times.
“The first shipment of strategic loading and unloading equipment worth $8.5 million has arrived in Chabahar port to mark the activation of the contract between the Ports and Maritime Organization (PMO) and the Indian side,” Behrouz Aghaei, director-general of the ports and maritime department of Iran’s Sistan-Baluchestan province, told the newspaper.
According to Aghaei, the mentioned equipment is going to be installed in Shahid Beheshti port, as part of a contract between the two sides, based on which India is going to invest $85 million in this port, reports Tehran Times.
The official noted that the Indian side is going to operate in Shahid Beheshti port in the form of a build–operate–transfer (BOT) contract and this is the first time that such a contract is implemented in one of the country's ports with 100 percent foreign investment.
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