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Development of Chabahar Port

YoungBites. Dated: 7/26/2024 4:35:45 PM

Development of Chabahar Port

The Government of India has undertaken to develop the Shahid Beheshti Port at Chabahar, Iran by equipping and operating General Cargo and Container Terminal for a period of 10 years, as per the Long Term Main Contract, from the date of signing of the said Contract i.e., 13.05.2024.

A total of Rs.400 Cr has been allocated from FY 2016-17 to FY 2023-24. The amount utilized so far for the development of Shahid Beheshti Port of Chabahar is Rs. 201.51 Cr.

The port witnessed an increase of 43% in vessel traffic and a 34% rise in container traffic in 2023-2024. It is envisaged that there will be substantial increase in maritime trade and commercial earnings once the port becomes fully functional.

A similar development based agreement has been signed with Myanmar. Rs. 90 Lakhs has been allocated for Sittwe (Myanmar) for FY 2024-2025.

This information was given by Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal in a written reply in Lok Sabha today.