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Siemens offers $2.5b credit facility for TAPI pipeline

· 1 min read · 263 views

PESHAWAR (Pajhwok): An international engineering giant has offered a credit facility of $2.5 billion for the supply of compressors for an ambitious four-nation gas pipeline project involving Afghanistan.

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Company, task with laying and operating the pipeline, would need to install nine compressors for transmitting gas.

Siemens has offered to provide the compressors against under the $2.5-billion supplier credit facility, a news report said. Remaining funds for the project will . . .

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