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All tagged port
◢ Tehran and Delhi have agreed to accelerate the development of an important Iranian port, India's foreign minister said during a visit to the sanctions-hit Islamic republic on Monday. Chabahar port—being jointly developed by India, Iran and Afghanistan—is on the Indian Ocean about 100 kilometres (62 miles) west of the Pakistan border.
◢ With the web of US sanctions tightening, Iran faces a host of challenges as it looks to an isolated port in the country's far southeast to maintain the flow of goods. The port in Chabahar, only about 100 kilometers (62 miles) from the Pakistan border and located on the Indian Ocean, is Iran's largest outside the Gulf.
◢ The United States said Tuesday it would exempt Iran's Indian-backed port of Chabahar from new sanctions on Tehran, recognizing the value of the project to Afghanistan. Iran late last year inaugurated the port on the Indian Ocean which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy Pakistan.
◢ China will build a train line connecting the Iranian port of Bushehr to the rest of the country's railway network under a $700 million deal signed on Wednesday. The agreement was inked in Tehran in the presence of Iranian Transport Minister Abbas Akhoundi and officials from China Machinery Industry Construction Group.
