Islamabad: The construction work on Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project is expected to start next month in Pakistan, according to sources.
Reportedly, Pakistan and Turkmenistan have agreed to conclude the financial closure of TAPI gas pipeline project in early 2020, an official of Petroleum Division told media. The agreement was reached during a recent meeting between a high-level delegation from Turkmenistan and Federal Minister for Energy Omar Ayub Khan in Islamabad.
Both the delegations expressed their satisfaction over the significant progress made on the financing and procurement of the multibillion dollar pipeline. It was mutually emphasised that the financial formalities of the project should be concluded in early 2020.
Sources revealed that the TAPI Company, which is working on the project, has shortlisted some European companies, among others, for developing the project.
The groundbreaking ceremony of the project has already taken place both in Turkmenistan and Afghanistan.
Construction work on the pipeline is underway in Turkmenistan, while some initial work has kicked off in Afghanistan as well.
Turkmenistan has procured funds for the project from Asian Development Bank (ADB) and the Islamic Development Bank (IDB). Additionally, some of the financing will be provided by some foreign firms on the supplier credit basis.
Liaquat Pur is located near the eastern bank of the River Sutlej in the Rahim…
Jheel Park is located in P.E.C.H.S. Karachi. It offers a peaceful haven amidst the busy…
Formerly known as Chuhar Kana, Farooqabad is a small city in Punjab’s Sheikhupura district. It…
Amidst the fertile plains of Punjab, Pakistan, lies Kassowal, a town brimming with historical significance…
Located in Punjab, Pakistan, lies a small yet vibrant town called Chak Jhumra. Despite its…
The Ittefaq Group of Industries' family members founded Ittefaq Hospital in Lahore. Mian Muhammad Sharif…