Uzbekistan will participate in the financing of the TAPI project

Uzbekistan will allocate funds for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project. This was stated by Director General of the Association of banks of Uzbekistan Bakhtiyor Khamidov, RIA Novosti reported.

Khamidov also said that Turkmenistan and Uzbekistan plan to jointly implement other projects in various spheres, many of which were initiated by the Turkmen side.

As reported, on April 23-24, President of Turkmenistan Gurbanguly Berdimuhamedov paid an official visit to Uzbekistan, during which he held talks with Uzbek leader Shavkat Mirziyoyev. Then the President of Uzbekistan said that his country intends to participate in the construction of the TAPI gas pipeline.

"We agreed that Uzbekistan will also participate in this project and we will find common ground with our Turkmen friends and will participate in this grandiose project," Mirziyoyev said.

The head of Uzbekistan also instructed the representatives of Uzbekistan to come to Ashgabat immediately after the meeting in Tashkent and begin to agree on the parameters in which we will find our participation in this major project.

The construction of the Turkmen section of the TAPI gas pipeline began in December 2015. And in February 2018, the construction of the Afghan section of TAPI was launched. The annual capacity of the pipeline will be 33 billion cubic meters. The TAPI project will enable Turkmenistan to diversify its gas exports, while Afghanistan, Pakistan and India will meet the growing need for fuel.

The leader of the consortium "TAPI Pipeline company Limited" for the construction and operation of the gas pipeline is the state Concern "Turkmengaz", its shares in the consortium also have the Afghan gas Corporation, Pakistani "Inter State Gas Systems (Private) Limited" and Indian "GAIL".

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