As part of the twelve memorandums of understanding signed by Indian and Iranian delegations as per text released by India's Ministry of External Affairs, India will offer a $150 million line of credit extended by the Exim Bank of India,[308] while India Ports Global also signed a contract with Iran's Aria Banader to develop berths at the port,[309] at a cost of $85 million[310] over the course of 18 months.[311]