Mighty Lion
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Iran denies 'dropping' India from key railway project
The Chabahar-Zahedan rail line will eventually stretch to Zaranj in Afghanistan, enabling hassle-free trade.
11 hours ago
Iran denied an Indian newspaper report that New Delhi was dropped from a key rail project along the border with Afghanistan after it showed reluctance in investing fearing American sanctions.
Depury Chief of Iran's Ports and Maritime Organization, Farhad Montaser, called the story "totally false because Iran has not inked any deal with India regarding the Zahedan-Chabahr" railway.
"Iran has only signed two agreements with Indians for investment in Chabahar: one is related to port's construction and port's machinery and equipment, and the second is related to India's investment to the tune of $150m," Montaser was quoted by the IRNA news agency as saying on Wednesday.
"We had a list of Indian prospective investments in Chabahar port, which also included the issue of Chabahar railway infrastructure and the railway, but during the negotiations, no deal on this was agreed between the two"
He added "sanctions have not impacted or have anything to do with Iran-India's cooperation in Chabahar".
The Hindu newspaper reported on Tuesday the Iranian government decided to proceed with the long-stalled rail project without India's participation.
A track-laying ceremony for the Chabahar-Zahedan rail line was held last week. It will eventually stretch to Zaranj on the Afghan side, enabling hassle-free trade and movement.
Indian consultancy IRCON had pledged to provide all services and funding for the project, estimated at about $1.6bn, according to the Hindu report.
In 2018, Washington agreed to a waiver for Chabahar port under the Iran Freedom and Counter-Proliferation Act of 2012, but the newspaper said Indian officials were still wary.
Iran's President Hassan Rouhani has previously described the port as a vital part of shaping Iran's economic future.
https://www.aljazeera.com/news/2020...ct-citing-funding-delays-200715063259623.html
The Chabahar-Zahedan rail line will eventually stretch to Zaranj in Afghanistan, enabling hassle-free trade.
11 hours ago
Iran denied an Indian newspaper report that New Delhi was dropped from a key rail project along the border with Afghanistan after it showed reluctance in investing fearing American sanctions.
Depury Chief of Iran's Ports and Maritime Organization, Farhad Montaser, called the story "totally false because Iran has not inked any deal with India regarding the Zahedan-Chabahr" railway.
"Iran has only signed two agreements with Indians for investment in Chabahar: one is related to port's construction and port's machinery and equipment, and the second is related to India's investment to the tune of $150m," Montaser was quoted by the IRNA news agency as saying on Wednesday.
"We had a list of Indian prospective investments in Chabahar port, which also included the issue of Chabahar railway infrastructure and the railway, but during the negotiations, no deal on this was agreed between the two"
He added "sanctions have not impacted or have anything to do with Iran-India's cooperation in Chabahar".
The Hindu newspaper reported on Tuesday the Iranian government decided to proceed with the long-stalled rail project without India's participation.
A track-laying ceremony for the Chabahar-Zahedan rail line was held last week. It will eventually stretch to Zaranj on the Afghan side, enabling hassle-free trade and movement.
Indian consultancy IRCON had pledged to provide all services and funding for the project, estimated at about $1.6bn, according to the Hindu report.
In 2018, Washington agreed to a waiver for Chabahar port under the Iran Freedom and Counter-Proliferation Act of 2012, but the newspaper said Indian officials were still wary.
Iran's President Hassan Rouhani has previously described the port as a vital part of shaping Iran's economic future.
https://www.aljazeera.com/news/2020...ct-citing-funding-delays-200715063259623.html