Iran opens an extension of $ 1 billion in the port closest to the Indian Ocean – tech2.org

Iran opens an extension of $ 1 billion in the port closest to the Indian Ocean



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DUBAI (Reuters) – Iran inaugurated a $ 1 billion extension on its Chabahar port on Sunday, which Tehran hopes will help the country become a key transit route to Afghanistan and Central Asia, competing with a port Pakistani nearby.

A general view of an oil dock is seen from a ship in the port of Kalantari in the city of Chabahar, 300 km (186 miles) east of the Strait of Hormuz on January 17, 2012. REUTERS / Raheb Homavandi / File Photo

President Hbadan Rouhani inaugurated the expansion, carried out with an investment of $ 1 billion including $ 235 million from India, which has more than tripled the port's capacity to 8.5 million tons per year reported state television.

India has committed $ 500 million for the port of Chabahar in the Gulf of Oman, which is the closest to Iran in the Indian Ocean and would allow it to elude rival Pakistan. But New Delhi has proceeded cautiously at a time when the administration of EE. UU It has adopted a new aggressive approach towards Tehran.

In October, India sent its first shipment of wheat to Afghanistan through Chabahar, located about 140 km (88 miles) from the port of Gwadar in Pakistan, which is being developed with the help of China.

Reports by the newsroom of Dubai; Mark Potter edition

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