Port of Chabahar Shahid Beheshti Terminal

Objective

A strategic maritime hub developed with significant Indian investment to bypass Pakistan and create a direct trade route to Central Asia, Afghanistan, and Russia. In May 2024, India signed a 10-year pact to manage this facility, reinforcing its role in the International North-South Transport Corridor (INSTC)

Description

The development includes modernizing container and multi-purpose terminals, enabling the shipment of goods, including grain and oil, often directed toward Afghanistan.

History

The new agreement follows a previously promised Indian investment in 2016 of a potential $500 million. It comes after multiple failures to fully implement a previous deal concluded in May 2016 to develop two terminals and five berths at Chabahar port to transport goods and gas from Central Asia to India and handle other international cargo.

Finance