Tuesday, March 18, 2025 | 06:59 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Iran drops India from Chabahar port rail project over funding delay: Report

India has, however, refuted the report saying it remains committed to the rail project

Chabahar port
Premium

The Chabahar port -- being jointly developed by India, Iran and Afghanistan -- is considered a gateway to opportunities for trade by the three countries with central Asian nations.

BS Web TeamAgencies New Delhi
The Iranian government had decided to drop India from the project to construct a rail line from Chabahar port to Zahaden along the border with Afghanistan, and proceed on its own, citing delays from the Indian side in funding and starting the project, The Hindu reported on Wednesday. "Iranian Railways will proceed without India’s assistance, using approximately $400 million from the Iranian National Development Fund," said the report. 

The Indian government has, however, denied the report. The Times of India on Wednesday reported quoting government officials that "New Delhi remained committed to financing and building the railway and was continuously

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in