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Iran dismisses report of ’dropping’ India from Chabahar railway project


Mangalore Today News Network

Tehran, July 16,2020: Iran has refuted an Indian newspaper report claiming that New Delhi had been "dropped" from the Chabahar-Zahedan railway project.

 

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One of the deputies to Iran’s Ports and Maritime Organization, Farhad Montaser said the story was "totally false because Iran has not inked any deal with India regarding the Chabahar-Zahedan" railway, reported Al Jazeera on Wednesday.

"Iran has only signed two agreements with Indians for investment in Chabahar: one is related to the port’s machinery and equipment, and the second is related to India’s investment to the tune of $150 million," Montaser was quoted by an Iran news agency.

He summed up by saying that "sanctions have nothing to do to Iran-India’s cooperation in Chabahar".

The United States, in 2018, had agreed to a waiver on Chabahar port projects under the Iran Freedom and Counter-Proliferation Act (IFCA) of 2012.

Earlier, Iran’s President Hassan Rouhani had described the port as a "vital part of structuring Iran’s economic future".

The Indian public sector railway company Ircon International has pledged to provide all services and funding for the project, estimated at about $1.6 billion, according to known reports.


courtesy: Yahoo


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