NCERT Basics for UPSC & Other Civil Services ExamsSource : www.pib.nic.in Date : 2019-01-04 CHABAHAR PORT Relevant for: International Relations | Topic: India – Middle East
Ministry of Shipping Chabahar Port
Posted On: 03 JAN 2019 5:09PM by PIB Delhi
The India Ports Global Chabahar Free Zone (IPGCFZ) an SPV of Indian Ports Global Ltd. in Iran has taken over interim operation of the Chabahar Port w.e.f. 24.12.2018.
The details of the funds allocated, released and utilized for the purpose during the last two years are as follows:
Financial Year Funds Allocated Funds Released Funds Utilized 2016-17 Rs 100 crore Rs 100 crore 0.0025 crore 2017-18 NIL NA 4.11 crore
2018-19 Rs 150 crore NIL
1.36 crore (till 30.09.2018)
An MoU between IRCON and Construction, Development of Transport and Infrastructure Company [CDTIC] of Iran for construction of Chabahar-Zahedan rail project was signed during PM’s visit to Iran on 23 May 2016. As per the Joint Statement released by MEA dated 17 February 2018 during Iranian President’s visit to India (15-17 February 2018), India conveyed its readiness to support the development of Chabahar- Zahedan Rail line.
