In the latest development, Iran has refuted claims of dropping India from the Chahbahar-Zahedan Railway Project.
Farhad Montaser, one of the deputies to Iran's Ports and Maritime Organization stated that the story was totally false because Iran has not signed any deal with India regarding the Chahbahar-Zahedan Railway Project.
The clarification by the Iran deputy came in the light of recent reports mentioning that India has been dropped out by Iran from the construction of a Railway line from Chahbahar Port to Zahedan, along the border with Afghanistan.
Clarification by Iran Deputy:
Farhad Montaser clarified that the recent reports have been totally false. He added that Iran has only signed two agreements with India for the investment in Chahbahar: one is related to the port's equipment and machinery and another one is related to India's investment to the tune of $150 million.
He added that sanctions have nothing to do with Iran-India's cooperation in Chahbahar. Earlier, President of Iran, Hassan Rouhani had described the port as a vital part for structuring Iran's economic future.
Background:
The dismissal from Iran came as the answer to the earlier reports which mentioned that Iran had decided to drop out India from the construction of a railway line from Chahbahar port to Zahedan, along the border with Afghanistan and that the Iranian government has decided to proceed with the construction on its own.
The report mentioned that the delay in funding and the start of the project from the Indian government is the reason for India's drop out.
As per the reports, it has also been mentioned that Ircon International, the Indian Public Sector Railway Company has pledged to provide all the services and funding for the project, which is estimated to be about $1.6 billion.
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