Shahid Beheshti Port at Chabahar

Chabahar Port Project (Phase I)

Locations

Type

Seaport

Status

Completed

Total Reported Cost

235.0 million USD

Initiatives

Start Date

May 23 2016

Start of Construction

Planned Completion Date

Dec. 03 2017

Funders

Source(s) Amount
85,000,000 USD
150,000,000 USD

Description

According to the World Bank PPI project snapshot here, this project was financed by a "Build, Rehabilitate, Operate and Transfer" brownfield Public-Private Partnership in which the Islamic Republic of Iran gave India Ports Global a concession to the port for a period of 10 years. Financing for this project was 100% private, with no fees due to the government. To finance the construction of the port terminal, India ports global took a loan of 150 million USD from the EXIM Bank of India. This project's financing has a 64:36 debt to equity ratio for India Ports Global. When built, the port should have a throughput of 250 thousand TEUs per year.

India is developing Chabahar port in Iran as a counterweight to China's investment in Gwadar Port and CPEC, though Iran has asserted that Chabahar will not be in competition with Pakistan's Gwadar.

ATTA KENARE/AFP/Getty Images

Photo by Ksardar1359