Sunday, March 24, 2019

Chabahar port finally gets going

Shipments have started
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⚡ India sent 1.3 lakh tonnes wheat to Afghanistan via Chabahar on 29/10/2017. 1.1million tonnes consignment will be done over next few months, on a grant basis.
➥ India's use of Chabahar corridor will attract businesses to set up shop and provide logistic support
➥ Improved feasibility will help realize a secure and viable transit option for Afghanistan.

Shipment of wheat is a landmark moment. It will pave the way for operationalisation of the Chabahar port as an alternate, reliable and robust connectivity for Afghanistan —EAM

http://mea.gov.in/press-releases.htm?dtl/29062/Flag_off_of_the_first_consignment_to_Afghanistan_through_Chabahar_port

Terminals upgradation by 2018
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⚡ In a 10 year deal India will operate 2 terminals and pay rental -- it must generate enough traffic to make them viable.
➥ India plans to make Chabahar it's conduit for NSTC
➥ India will shortly consign 100,000 tonnes of wheat through Chabahar port

⚡ Under MOU, India must improve 2 port terminals and should start operations within 18mo of contract signing.
➥ Ratification of TTC Agreement completed
➥ India has stepped up work on terminals eg:
1. Chabahar port development corporation set up
2. $150 M Exim loan granted for equipment, etc
3. Tenders issued for Rs 380cr out of Rs 600cr
4. Civil construction has started
5. Equipment (eg crane) purchase started

Economic corridor for Afghanistan
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⚡ Partner countries have signed "Trilateral Agreement" for using Chabahar-Zahedan-Zaranj as a corridor
⚡ India will invest $500M in Transport and Transit Corridor (218km road from Iran to Afghanistan to connect to India-built Delaram-Zaranj road in Afghanistan).
⚡ India's IRCON will build Chabahar-Zahedan Rail (500km, $1.6B)

South Korea willing to finance CZ railways
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"€8-billion finance from South Korea has been offered to Iran for railway projects incl. construction of Chabahar-Zahedan railway."
http://www.tehrantimes.com/news/417408/12b-in-finance-to-be-finalized-for-transport-projects

Concessional loans from JICA may be on offer
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"For Chabahar-Zahedan railway project and also for the development of the Makran region, Iran will receive Japan’s $10 billion finances. Construction will be done with participation from Indians and possibly Japanese,"— Iranian minister
http://ifpnews.com/exclusive/korea-germany-iran-electric-trains/

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