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Iran’s share in Chabahar Port higher than India’s - official

Business Materials 23 January 2019 15:51 (UTC +04:00)

Baku, Azerbaijan, Jan. 23

By Elnur Baghishov - Trend:

Iran’s share is much higher than India’s in the Shahid Beheshti Port, a part of Iran’s Chabahar Port, in terms of all revenues from the imports, exports and transit of goods, Sistan and Baluchestan Province Ports and Maritime Department’s Director General Behrouz Aghaei said, Trend reports via IRNA.

He said that Iran has a 60-percent share in the revenues of the port, while India has a 40 percent share.

He added that India will have revenues from the port for ten years.

“In accordance with the contract on India’s operatorship in the Shahid Beheshti Port signed by Iran and India, Iran gets a share from transit and transshipment costs of any product brought by India to the port,” he said.

Iran strives for India to continue investing in the Chabahar port, he noted.

India will be given a territory according to the contract for the implementation of activities in the Chabahar Port, and after the contract expires, the purchased and installed equipment will belong to the Chabahar Port, he added.

“India’s IPGL company will have 1.5 years of temporary operatorship at the port and then 10 years more,” he said. “IPGL implements loading and unloading, supplying equipment and marketing at the Chabahar Port.”

In accordance with the Chabahar agreement between Iran, India and Afghanistan, IPGL officially started its operatorship at Chabahar’s Shahid Beheshti Port on Dec. 24, 2018.

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