New Delhi, July 6 -- India plans to revive and fast-track a 700-km rail link to connect Iran's Chabahar port with Zahedan near its border with Afghanistan, as New Delhi aims to strengthen trade access to Central Asia and Eurasia amid signs the Gulf conflict is easing, two people familiar with the matter said.

The issue is expected to figure in discussions between Indian and Iranian officials, with New Delhi keen to leverage improving regional stability to accelerate connectivity projects that had slowed amid geopolitical uncertainties, one of the two people quoted above said on the condition of anonymity.

Under a recent peace agreement, the US has agreed to lift sanctions on Iran and to allow the export of crude oil and petroleum produc...