Turkmenistan's TAPI gas project may receive new source of funding

Finance Materials 30 June 2020 16:05 (UTC +04:00)
Turkmenistan's TAPI gas project may receive new source of funding

BAKU, Azerbaijan, June 30

By Jeila Aliyeva - Trend:

The Islamic Development Bank (IsDB) has noted its readiness to provide comprehensive all-around support for the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) transnational gas pipeline project, Trend reports with reference to Turkmenistan State News Agency.

This issue was discussed during a telephone conversation of President of Turkmenistan Gurbanguly Berdimuhamedov and IsDB’s advisor.

During the conversation, the high level of interaction between Turkmenistan and the IsDB was emphasized.

The parties noted that the key area of cooperation is the trade and economic sphere, and considered the possibilities of further joint work in order to develop the country.

Turkmenistan continues laying welded pipes for the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Welding work on the territory of Turkmenistan to the Afghan border has already been completed and large-sized valves will be installed.

The length of the Turkmen section of the TAPI pipeline, the construction of which was launched in December 2015, will be 205 kilometers (the main operations are carried out on the 120th kilometer). The pipeline will pass through the Afghan cities of Herat and Kandahar (816 kilometers), through the cities of Quetta and Multan across Pakistani territory (819 kilometers), and reach the city of Fazilka in India.

Follow the author on Twitter: @JeilaAliyeva