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‘Work on Iran’s Chabahar Port is progressing fast’

‘Work on Iran’s Chabahar Port is progressing fast’
The work on Chabahar Port in Iran, where India will invest $500 million, is “progressing fast” and the country has already formed a global port company there, according to Union Minister Nitin Gadkari.

He was speaking at a recent launch of a road-show for the National Highways Authority of IndiaÂ’s (NHAI) rupee-denominated masala bonds. Gadkari had visited Tehran in May 2015 and inked a pact to develop the Iranian port. The integrated Chabahar Port will contain a Special Economic Zone (SEZ), when it eventually comes up.
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