Experts: TAPI financing issues to be solved
Ashgabat, Turkmenistan, May 26
By Huseyn Hasanov– Trend:
Experts expressed confidence that the financing issues of construction of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline will be solved successfully, the article of the Nebit-Gaz, the online newspaper of the Turkmen Oil and Gas Complex, said May 26.
The article contains reference to the opinion of ADB (Asian Development Bank) Senior Advisor Chin Choon Fong and Sebastian Hofert von Weiss, head of project finance at EY/AHB company.
The experts emphasize that the results of meetings with the heads of major global financial institutions held during specially organized business tours in Singapore, London and New York serve as the basis for being confident that the project financing issues will be successfully solved, according to the article.
It is assumed that international development banks, which will also provide insurance guarantees for loans, will become the main source of investments in the TAPI project. The global export credit agencies and commercial banks are ready to provide a part of the funds.
The total length of the TAPI pipeline will be 1,814 kilometers. A 214-kilometer section of the pipeline will run through Turkmenistan, a 774-kilometer section will run through Afghanistan and an 826-kilometer section will run through Pakistan.
Construction of the Turkmen section of TAPI started in 2015 and is scheduled to finish in late 2018.
The pipeline’s annual capacity will be 33 billion cubic meters of gas.