Prime Ministers of India and Bangladesh will jointly inaugurate the maiden cross-border oil pipeline between the two countries.
About India-Bangladesh Friendship Pipeline (IBFPL):
- IBFPL will carry diesel from Assam-based Numaligarh Refinery Ltd's (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).
- IBFPL is 131.5 Kilometers long, out of which 126.5 kilometer pipeline is in Bangladesh and 5 kilometers in India.
- The pipeline has a capacity of one million metric tonnes per annum (MMTPA).
- The total project cost for the construction of the IBFPL is Rs 377.08 crore.
- The project is built under grant assistance from the government of India.
Q1) What is the cost sharing arrangement of India-Bangladesh Friendship Pipeline (IBFPL)?
The total project cost for construction of the IBFPL is Rs 377.08 crore. Out of this, NRL's investment is Rs 91.84 crore for the India portion of the pipeline , while the remaining Rs 285.24 crore for Bangladesh portion is being funded by the Indian government as grant-in-aid.