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ADB TO INVEST IN TAPI PROJECT.

Summary: The Asian Development Bank (ADB) will act as one of the investors of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project.

The Asian Development Bank (ADB) will act as one of the investors of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, according to the Ministry of Petroleum and Mineral Resources of Turkmenistan.

This issue was discussed at the last meeting of the Cabinet of Ministers, with the announcement stating that the bank will not limit itself solely to funding, but will also play a role in coordinating the work in order to attract other interested funders and investors.

The basic document for the promotion of TAPI is the Ashgabat interstate agreement, which was signed between the participating states in 2010 when the practical implementation of the project began.

The total cost of the TAPI project is $10 billion and the annual pumping capacity of the gas pipeline will be 33 billion cubic metres.

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Publication:EMBIN (Emerging Markets Business Information News)
Date:Oct 22, 2015
Words:170
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