Wednesday, 24 July 2013

countries participating in the TAPI gas pipeline: Project participants, Asian Development Bank ADB fail to agree on advisory fee

ISLAMABAD: The countries participating in the TAPI gas pipeline and the Asian Development Bank (ADB) are locked in a row over fee for hiring the bank as a transaction adviser to raise funds for the project, the cost of which may cross $10 billion against previous estimates of $7.5 billion.


In a fresh development, Kabul has also signed a gas sales and purchase agreement to become part of the Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline. Earlier, it had backed out of

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