Explanation:

Recently, Iran had decided to proceed with the Chabahar port rail project by itself citing funding delays from India.

• The construction of 628 km rail line is proposed from Chabahar port to Zahedan in Iran,along the border with Afghanistan. The rail line will be extended to Zaranj across the border in Afghanistan. The entire project will be completed by March 22 with $400 million sanctioned by the Iranian National Development Fund.
• The foremost significance of the Chabahar port is the fact that India can bypass Pakistan in transporting goods to Afghanistan. Chabahar port will boost India’s access to Iran, the key gateway to the International North-South Transport Corridor that has sea, rail and road routes between India, Russia, Iran, Europe and Central Asia. Hence statement 2nd is incorrect.