Iran drops India from key rail project citing 'funding delays'

Economy 16:46 15.07.2020

Iran has reportedly dropped India from a key rail project along the border with Afghanistan after New Delhi showed reluctance in joining the project due to US sanctions, according a report by an Indian newspaper, EDNews.net reports citing Aljazeera.

The Iranian government decided to proceed with the long-stalled project without India's participation, citing delays in funding and starting the project, English language daily The Hindu reported on Tuesday.

The project, which is scheduled to be completed by March 2022, has started with about $400m funding from the Iranian government, the paper reported.

"It was expected that in addition to the investment in Chabahar Port, India could also play a more crucial role ... in the absence of an active Indian engagement and partnership, [the port is] currently under construction by Iranian funding and engineering capacities," the Hindu reported that Iranian sources said.

The deal to construct 628-km (390 miles) railway line from the port city of Chabahar to Zahedan province was part of a series of bilateral agreements signed between India and Iran in May 2016.

The agreement was signed on the sidelines of a 2016 trilateral agreement between India, Iran and Afghanistan to develop a transport and trade corridor from India to Afghanistan through the Chabahar port in southeast Iran.

Azerbaijan Defense Minister informs NATO chief on situation in Azerbaijan-Armenia conditional border -VIDEO

News line

Pakistan restricts foreign travels of ministers, government officials
Pakistan restricts foreign travels of ministers, government officials
20:39 18.03.2024
EU to boost military support fund for Ukraine by EUR 5 bln — Hungarian foreign minister
20:00 18.03.2024
Industrial zones to be created in Azerbaijan’s Zangilan, Jabrayil, and Gubadli
19:16 18.03.2024
Reuters: Only an oil slump can stop Russia
19:00 18.03.2024
Top Hamas operative killed in hospital raid, IDF says
Top Hamas operative killed in hospital raid, IDF says
18:33 18.03.2024
President Ilham Aliyev congratulates people of Azerbaijan on occasion of Novruz holiday - UPDATED
18:00 18.03.2024
Jens Stoltenberg: We fully support Georgia's sovereignty and territorial integrity
Jens Stoltenberg: We fully support Georgia's sovereignty and territorial integrity
17:47 18.03.2024
2 dead, 6 injured in Türkiye factory explosion
2 dead, 6 injured in Türkiye factory explosion
17:28 18.03.2024
Armenia’s anti-Russian policy reaches new level
17:11 18.03.2024
"The Middle Corridor plays a key role for Green Energy" - Expert Ali Pasha
16:45 18.03.2024
Central square of Khankandi named “Victory Square”
16:22 18.03.2024
President: We demonstrated tremendous heroism during the II Karabakh War and the anti-terror operation
16:16 18.03.2024
Nobel Peace Prize Laureate Muhammad Yunus visited IEPF - PHOTOS - VIDEO
16:00 18.03.2024
Historic opportunity emerged to advance the Azerbaijani-Armenian peace agenda - FM Bayramov
15:21 18.03.2024
Bayramov and Stoltenberg discuss normalization process between Azerbaijan and Armenia
15:03 18.03.2024
Azerbaijan Defense Minister informs NATO chief on situation in Azerbaijan-Armenia conditional border -VIDEO
14:58 18.03.2024
Stoltenberg's visit to the Caucasus: "NATO is in panic" - OPİNİON
14:29 18.03.2024
Hikmat Hajiyev holds discussions for upcoming COP29 with Chinese Vice FM
Hikmat Hajiyev holds discussions for upcoming COP29 with Chinese Vice FM
14:00 18.03.2024
Stoltenberg concludes his official visit to Azerbaijan
13:42 18.03.2024
Geomagnetic storm expected on March 20
13:33 18.03.2024
Mbappe celebrates his 250th goal in PSG
Mbappe celebrates his 250th goal in PSG
13:19 18.03.2024
President Ilham Aliyev makes a phone call to Vladimir Putin
13:00 18.03.2024
President Ilham Aliyev lit Novruz bonfire in Khankandi and congratulated Azerbaijani people
12:34 18.03.2024
Foreign students attacked in India over Ramadan prayers
12:30 18.03.2024
Spring comes to Northern Hemisphere
Spring comes to Northern Hemisphere
12:17 18.03.2024
Why does Azerbaijan matter to the European Union? - OPINION
12:00 18.03.2024
Number of human remains found in mass grave in Khojaly reaches 19
11:45 18.03.2024
Hikmat Hajiyev meets Pakistani envoy to China
Hikmat Hajiyev meets Pakistani envoy to China
11:33 18.03.2024
EU Council to discuss Armenian-Azerbaijani normalization
11:23 18.03.2024
Global Terrorism Index: Azerbaijan among countries with highest anti-terror rating worldwide
10:56 18.03.2024
Oil prices keep rising
Oil prices keep rising
10:40 18.03.2024
Stoltenberg: NATO looking forward to further strengthening partnership with Azerbaijan
10:23 18.03.2024
Azerbaijani police found numerous weapons and ammunition in Khankandi
10:10 18.03.2024
President Ilham Aliyev: There is a good chance for settlement of Azerbaijan-Armenia relations
09:57 18.03.2024
Putin warns about possible war between Russia and NATO
09:40 18.03.2024
Hikmat Hajiyev meets with Vice Minister of Ecology and Environment of China
09:23 18.03.2024
Azerbaijan relocates 123 more residents to Fuzuli city
08:53 18.03.2024
President Ilham Aliyev held expanded meeting over dinner with Jens Stoltenberg
23:07 17.03.2024
Putin wins the presidential elections for fifth term, exit poll shows
22:43 17.03.2024
COP29 will be turning point, says NATO Secretary-General
21:54 17.03.2024
Hamısı