PM Modi, PM Sheikh Hasina jointly launch 'India-Bangladesh Friendship Pipeline'
- In Reports
- 10:04 PM, Mar 18, 2023
- Myind Staff
Prime Minister Narendra Modi and Bangladesh PM Sheikh Hasina inaugurated the India-Bangladesh Friendship Pipeline (IBFP), via video conferencing on Saturday.
While speaking at the event, PM Modi termed the inauguration as the start of a new edition of relations between the two nations.
"In the last few years, under the able leadership of PM Sheikh Hasina, Bangladesh has made remarkable progress. Every Indian is proud of that and we're delighted that we've been able to contribute to this development journey of Bangladesh," PM Modi said during the inauguration.
"I am confident that this pipeline will further speed up the development of Bangladesh and be an excellent example of the increasing connectivity between both countries," he added.
"Today is the start of a new edition of relations between India and Bangladesh. The India-Bangladesh friendship pipeline was initiated in September 2018... with the help of this pipeline Northern West Bengal districts will be provided with 1 million metric tonnes of high-speed diesel. This will reduce the cost and will also reduce the carbon footprint of the supply," PM Modi said on the occasion.
The first cross-border energy pipeline between India and Bangladesh has been built at an estimated cost of Rs 377 crore, of which the Bangladesh portion was built at a cost of approximately Rs 285 crore.
The cost has been borne by the Indian government under grant assistance.
The friendship diesel pipeline has the capacity to transport one million metric tonnes per annum (MMTPA) of high-speed diesel. It will initially supply high-speed diesel to seven districts in northern Bangladesh.
Reportedly, the operation of the pipeline will put in place a sustainable and environment-friendly mode of transporting diesel between the two neighbouring countries. It will further boost cooperation in energy security between the two countries.
Notably, the entire pipeline is 131.5 km long and the supply of diesel will start on an experimental basis in June this year.
Image courtesy: ANI