India and Iran trying to seal Chabahar port deal this month
15 January 2016
India and Iran are trying to iron out irritants and conclude contract by January for the expansion project of the strategically located Chabahar Port after over six months Shipping Minister Nitin Gadkari had concluded MoU on the project - proposed gateway to landlocked Afghanistan.
Official of both sides are negotiating terms of the contract with a hope to conclude the document by next month for an Indian investment of $85 million to construct two berths at the Chabahar port. The MoU for much delayed Indian investment to expand Chabahar port was signed last May when Road Transport, Highways and Shipping Minister Nitin Gadkari visited Tehran weeks before Iran's landmark nuclear deal with the Western powers.
The Economic Times