Official: Investment in Iran’s Chabahar port exceeds €30mln

FNA – Provincial Director General of Ports and Maritime Organization in Southeastern Iran Behrouz Aqaee announced that more than €30 million has been invested in Chabahar Ports logistics’ section since the start of the current Iranian calendar year of 1397 (on march 21, 2018).

The head of the provincial branch of the organization in the Sistan and Baluchestan Province in Southeastern Iran made the remarks on Saturday adding, “Chabahar Port has an important role in regional and international transitions.”

Aqaee underlined that Chabahar port is an “important and cheap way for landlocked countries, like Afghanistan, to get connected to high seas”.

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

He said that transiting 110,000 tons of wheat and grains to Afghanistan was an instance to show the importance of sea transportation, adding that in the five months, Chabahar has transited goods six time what it had transited in the past five years.

Saying that Chabahar Port is known as the Gateway of Nations, Aqaee added that the fact of being exempted from the US sanctions would contribute to the ports progress to be internationally promoted.

After the US announced the second batch of its unilateral sanctions against Iran on November 8, Trump administration was forced to issue exemptions from sanctions to alleviate the negative consequences of anti-Iran economic war for the world.

The first list of exemptions included the name of six 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.