Construction agreement of TAPI gas pipeline signed

ASHGABAT: An agreement for the construction of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline has signed in Ashgabat, Turkmenistan while the Asian Development Bank (ADB) was appointed as the transactional advisor of the contract, ARY News reported on Thursday.

According to the agreement the approximated length of pipeline is 1680 kilometers through which Pakistan will be able to receive about 3.2 billion cubic meters of natural gas per year.

ADB will spend Rs. 7.8 billion on the project, which is expected to be completed till 2017, it will transport Caspian Sea natural gas from Turkmenistan through Afghanistan into Pakistan and then to India.