Government To Fund 40% Cost Of East India Gas Pipeline Project

Reuters

NEW DELHI, Sept 21 (Reuters) - The Indian government will partly fund a pipeline project linking five eastern states, the first such move by the country as it aims to gradually move to a gas-based economy.

The government will fund 40 percent cost of the 129.4 billion rupee ($1.93 billion) pipeline project, measuring 2,439 kilometres, Oil Minister Dharmendra Pradhan said.

(Reporting by Nidhi Verma; Editing by Malini Menon)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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