The Chelyabinsk Pipe Rolling Plant (ChTPZ) was selected as the winner of an international tender for the supply of pipes for the construction of part of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline (TAPI). The tender was held by the Turkmengas State Concern. The deal amounted to $ 219 million.
Specialized construction units of the State Concern “Turkmengas” plan to complete construction of the Turkmen section of the TAPI gas pipeline this year.
According to finam.ru, at present, Sberbank of Russia has confirmed a letter of credit for more than $ 219 million from the State Bank for Foreign Economic Affairs of Turkmenistan, which is a borrower from the Islamic Development Bank to finance the construction of the TAPI gas pipeline.