India Strengthens Cargo Handling Capacity Of Chabahar Port, Iran Under $85 Million Agreement
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India has supplied a consignment of two Mobile Harbour Cranes (MHC) to Iran’s Chabahar port, with a total contract value of over USD 25 Million under a contract agreement for a supply of 6 MHC. The consignment of cranes arrived from Marghera port, Italy has been unloaded successfully on 18th January 2021 at Chabahar port and presently undergoing a trial run.
Image Credits: chabaharport.pmo.ir
With 140 metric tons lifting capacity, multipurpose equipment and accessories like Mobile Harbour Cranes (MHC) will enable India Ports Global Limited (IPGL) to provide seamless services for Container, Bulk, and General Cargo at Shahid Beheshti Port of Chabahar.
This is a step towards India’s commitment to the infrastructure development of Shahid Beheshti Port of Chabahar.
The bilateral contract between the Islamic Republic of Iran and the Republic of India was signed on 23rd May 2016 with a total value of USD 85 million for Equipping, Mechanizing, and starting Operations at Shahid Beheshti Port of Chabahar development Phase- I. To achieve this ambitious aim, an SPV namely India Ports Global Limited (IPGL) Mumbai was incorporated under the ambit of the Ministry of Ports, Shipping and Waterways.
Image Credits: pib.gov.in
Minister of Ports, Shipping and Waterways (I/C), Shri Mansukh Mandaviya stated that Chabahar Port is a strategic port with great national importance. The delivery of a consignment of heavy equipment, including cranes, shows India’s commitment to the strategic connectivity of the Chabahar port project that will provide access to markets in Central Asia. The development of Chabahar port is the anchor for the expansion of economic and mutual relations between India and Iran and it will give a further boost to the maritime trade between both countries.
The location of Chabahar Port has strategically advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan, and other CIS countries especially Eastern CIS countries to increase trade between these countries.
Reference: pib.gov.in
Source: Maritime Shipping News