The port of Chabahar, mutual development of which will engage Iran and India, will start work by December 2016, informs on the last working day of the week.

These terms were published on the results of the meeting of the coordinating Council on international transport corridor "North-South" can become part of and the Port of Chabahar. The meeting was attended by Commissioners of India, Iran, Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia, Azerbaijan, Bulgaria, Oman, Tajikistan, Turkey and Ukraine.

in may new Delhi and Tehran signed a statement of understanding regarding mutual development of Chabahar port, according to which India will take two terminals on lease for ten years.

According to IANS, the Price of the project is estimated at 85 million dollars. In addition to the development of the second and the 3rd terminal port, India will also assist in the construction of the railway, which will connect the Port with the rest of the territory of Iran.

international transport corridor "North-South" involves the transportation of cargo from Mumbai to Port of Bandar Abbas in Iran, out of this place by land to the port of Bandar-e-Anzali on the Caspian sea. Then the goods will be sent across the Caspian sea to Astrakhan and Baku in Azerbaijan, where they will go by rail to the regions of Russia and Europe.

it is assumed that the transport corridor will greatly reduce the time of cargo delivery from India to Central Asia and the Russian Federation.

sections: Politics