IDB assesses TAPI gas pipeline project
Turkmengas State Concern and the Islamic Development Bank (IDB) signed a protocol on the evaluation commission's results on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Neutral Turkmenistan newspaper wrote May 4.
The signing ceremony was held with the participation of IDB President Ahmad Mohamed Ali Al-Madani and Turkmen President Gurbanguly Berdimuhamedov, who was in Saudi Arabia on an official visit on May 1-3.
The headquarters of the IDB, established in 1973, is located in Jeddah (Saudi Arabia).
"The IDB fully supports President Berdimuhamedov's initiative on the implementation of the TAPI large-scale project," Al-Madani said. "TAPI's positive results have economic and social aspects."
Al-Madani said that this project has special significance for the socio-economic recovery, stabilization of the situation in Afghanistan.
"Thousands of new jobs will be created due to the construction of a new gas pipeline," he added. "The modern social infrastructure has been formed. This will positively improve the standard of living."
The main document for the TAPI, called the Ashgabat Interstate Agreement, was signed in 2010.
The groundbreaking ceremony for TAPI's Turkmen section was held in mid-December of 2015.
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