Ashgabat, Delhi mull TAPI gas pipeline project
Ashgabat, Turkmenistan, Jan. 25
By Huseyn Hasanov – Trend:
Turkmenistan’s Foreign Minister Rashid Meredov met with Extraordinary and Plenipotentiary Ambassador of India Narendra Prasad, the Turkmen Foreign Ministry said in a message.
The parties exchanged views on prospects of bilateral cooperation.
The two sides paid special attention to the consolidation of joint efforts on implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which will positively affect the further development of political and economic cooperation between the two friendly countries, according to the message.
Turkmenistan started to construct its TAPI section in December 2015. The foundation laying ceremony for the Afghan section of the TAPI gas pipeline is planned to be held in the second half of February 2018.
Earlier, the Asian Development Bank, the European Bank for Reconstruction and Development and the Japanese government expressed their interest in financing TAPI.
The Islamic Development Bank has already allocated a loan worth $700 million for Turkmenistan to construct its TAPI section.