Afghanistan to get $1bn transit royalty for TAPI gas pipeline

Foreign Minister Shah Mahmood Qureshi has said that the implementation of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project has the potential to be beneficial for the entire region. As part of the project Afghanistan alone will be able to get $1 billion as transit fee and royalty.

He said this while talking to the media during his recent visit to Turkmenistan. After his meeting with Turkmen President Gurbanguly Berdimuha-medov the foreign minister said that the TAPI project was discussed in detail with the president and he reiterated Pakistan’s commitment to enhance “economic connect” through various projects including TAPI. The the foreign minister said that the TAPI project was expected to create 2,000 new employment opportunities.

The recent views expressed by Afghanistan have showed the country’s intent to favour the implementation of TAPI project.

President Gurbanguly welcomed Foreign Minister Qureshi and remarked that Turkmenistan considered Pakistan an important country. He said Pakistan and Turkmenistan would continue collaboration with special representatives from both sides to hold meetings on strengthening ties.