Asia Plus: Tajikistan Expected to Gain Some $4.5 bln from Turkmenistan-China Gas Pipeline Over 32 Years

Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) today ratified an agreement on the main principles of cooperation between the Government of Tajikistan and JV Trans-Tajik Gas Pipeline Company Ltd (TTGP).

Speaking at the Majlisi Namoyandagon session, Saidahmad Shamsiddinzoda, the head of Open Joint-Stock Company (OJSC) Tojiktransgaz (Tajik state-run natural gas distributor), said that construction of the Tajik section of Line D of the China-Central Asia Gas Pipelines will start in April next year and will be completed in 2017.

According to him, Line D will begin operating in full capacity in January 2020.  “The Joint Venture (JV) Trans-Tajik Gas Pipeline Company Ltd (TTGP) has been launched for construction of the Tajik section of Line D,” said Shamsiddinzoda.  “The sides will contribute 300 million U.S. dollars each to the project.  The Tajik side has taken a loan o 300 million USD from a bank in Hong Kong.  The loan carries an annual interest of 2.7 percent is payable in 26 years,” Tojiktransgaz top manager noted.  

Tajikistan is expected to gain some $4.5 bln from the project over 32 years, Shamsiddinzoda said. MORE