By end-September 2013, the four nations involved in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project agreed to form a company for implementing this purpose.
The four nations earlier appointed Asian Development Bank (ADB) as the legal-technical consultant for the project. ADB would soon identify a company to implement the project. The company will be from a neutral country.
All the four nations agreed to form a company at a recent meeting of the Steering Committee on the TAPI gas pipeline project in Ashgabat.
The meeting was attended by Petroleum and Natural Gas Minister Veerappa Moily, Rashid Meredov, Deputy Prime Minister and Foreign Minister of Turkmenistan among others.
The project is intended to transport gas from Turkmenistan to Afghanistan, Pakistan and India.
In a development that may give a big impetus to the strategic Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, India, Pakistan, Afghanistan and Turkmenistan have agreed to form a company for execution of the project and give it shape by September this year.
Following the meeting of the Steering Committee, a protocol was signed in which the parties fixed the decision on the need to prepare founding documents and the registration of the TAPI. consortium as well as signing an agreement for a transaction adviser for the TAPI project.