Turkmenistan-South Asia Pipeline Gets $200M Investment

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Source:   —  April 07, 2016, at 9:33 PM

Below an agreement signed Thursday in the Turkmen capital, the investment comes from Turkmenistan'south state gas company, Interstate Gas Systems of Pakistan, Afghan Gas Undertaking and India'south GAIL.

An ambitious project to construct a natural gas pipeline from Turkmenistan to Afghanistan, Pakistan and India has received $200 million in new investment.

Below an agreement signed Thursday in the Turkmen capital, the investment comes from Turkmenistan'south state gas company, Interstate Gas Systems of Pakistan, Afghan Gas Undertaking and India's GAIL.

Turkmenistan already has begun construction of a pipeline portion to the Afghan border.

Deputy Prime Minister Yagshigeldy Kakayev said that "the signing of this document opens the way for the consortium for further work." He said the money will go toward detailed engineering work on determining the pipeline'south route and environmental investigations.

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