As part of the agreements, India will also offer a $150 million line of credit extended by the Exim Bank of India for future port development, India further agreed to extend a $400 million line of credit to be used for the import of steel for the construction of a rail link between Chabahar and Zahedan, while India's IRCON and Iran's CDTIC signed a memorandum of understanding for the possible construction and financing of the Chabahar to Zahedan rail line at a cost of $1.6 billion.