Iran, India, Afghanistan sign transit accord on Chabahar port

TEHRAN: Iranian President Hassan Rouhani, Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani on Monday signed a three-way transit agreement on Iran’s southern port of Chabahar.

India said it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say are worth hundreds of millions of dollars.

“Today is an important and historical day of development of relations between the three countries,” Rouhani said in a televised speech, seated between the two other leaders.

“From Tehran, New Delhi and Kabul, this is a crucial message … that the path to progress for regional countries goes through joint cooperation and utilising regional opportunities.”

Modi said: “We want to link to the world, but connectivity among ourselves is also a priority.”

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