In May 2016, Indian Prime Minister Narendra Modi and his Iranian counterpart President Hassan Rouhani signed a series of twelve agreements in Tehran in a boon to India–Iran relations. By these agreements, India Ports Global Pvt. Limited will refurbish a 640-meter long container handling facility, and reconstruct a 600-meter long berth at the Port of Chabahar, as well as modernise ancillary infrastructure at the berths. Improvements at the port are intended to allow Indian goods to be exported to Iran, with the possibility of onward connections to Afghanistan and Central Asia. A section of the Indian media described it as "a counter to the China-Pakistan Economic Corridor," although the total monetary value of projects has been noted to be significantly less than that of US$46 billion CPEC project, evaluated at worth about $500 million.