ADB willing to assist with funding for transafghan pipeline

31 July 2002 – The Asian Development Bank late Tuesday confirmed that it will help fund a feasibility study into the construction of the proposed Transafghan gas pipeline project, designed to take gas from Turkmenistan to Pakistan.

The bank had already indicated that it might be willing to take such a step. The help of multilateral lenders is widely thought of as essential to the success of the project, which is being sponsored by Turkmenistan, Afghanistan and Pakistan.

The pipeline, if constructed, would generate transit revenues for Afghanistan that could help the regeneration of its economy. With peace returning to the region it is hoped that US investors might reconsider involvement in the project.

The proposed pipeline would run for 1500 km of which 764 km would be in Afghanistan.

No posts to display