TAPI Gas Pipeline project gets $200 million initial investment
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TURKMENISTAN: TAPI (Turkmenistan-Afghanistan-Pakistan-India) Gas Pipeline project got $200 million initial investment from its shareholders.
The agreement was signed in Turkmenistan’s capital Ashgabat in which government officials and petroleum ministers from Turkmenistan, Afghanistan, Pakistan and India participated.
Officials from Asian Development Bank were also present on the occasion.
TAPI Gas Pipeline project will cost worth $10 billion with a length of 1,814 km and will provide 90 million cubic meters of gas per day from Turkmenistan to its member countries.
This is a long term plan which will provide gas for 30 years and expected to be operational in 2018.
Turkmenistan has already completed its work but other member states haven’t started their work yet.
Asian Development Bank’s senior official claimed that this project will develop relations between member states and also boost economy.
Source: www.economictimes.indiatimes.com
