10-year contract signed for the development of Shahid Beheshti Port Terminal at Chabahar Port.
About Chabahar Port:
- Chabahar Port is located in Southeastern Iran in the Sistan-Baluchistan province, near the Gulf of Oman.
- It comprises two ports: Shahid Beheshti and Shahid Kalantari.
- It is the only deep-sea port in Iran with direct access to the Indian Ocean.
Strategic Importance
Geopolitical Significance:
- Chabahar Port provides India with a strategic foothold to counter China’s presence at Pakistan’s Gwadar Port.
- It acts as a gateway to Central Asian countries, bypassing Pakistan.
- The port enhances connectivity under the International North-South Transport Corridor (INSTC), linking India to Russia and Europe via Iran.
Economic Importance:
- Chabahar Port facilitates trade between India, Iran, and Afghanistan.
- It increases trade opportunities with Central Asian countries.
- The port has the potential to become a major commercial hub due to its strategic location.
Historical Context and Agreements:
- In May 2016, India signed a tripartite agreement with Iran and Afghanistan to develop the Shahid Beheshti terminal at Chabahar Port.
- The recent 10-year operational agreement replaced the annual pact from 2016.
Development Projects:
- The development of port facilities and rail links at Chabahar Port.
- The construction of a rail line from Chabahar to Zahedan, enhances connectivity with Afghanistan and Central Asia.
Investment in port equipment and infrastructure to bolster operational capacity
Ref: Source
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