Iran drops India from Chabahar Rail Project due to funding delay

Iran has dropped India from the Chabahar rail project, for the construction of railway line from Chabahar port to Zahedan, along the Iran-Afghanistan border.
The reason that Iran gave for dropping India was delays from the Indian side in funding and starting the construction of the project.
Iran has now decided to move ahead with the construction of Chabahar railway line to Zahedan on its own.
For this $400 million will be sanctioned by the Iranian National Development Fund and the entire project will be completed by March 2022, without any assistance from India.
It must be noted that this decision has been taken by Iran at a time when it is seeking to finalise a 25-year economic and security partnership with China worth $400 billion.