Source: Economic Times

ISLAMABAD: Notwithstanding US reservations over the Iran-Pakistan-India gas pipeline, the World Bank has described it as a win-win deal and expressed readiness to fund the seven billion dollar project.

Evincing interest in financing the project, World Bank's Vice President Praful Patel told reporters here that the Bank has not been approached by Pakistan to this effect formally or informally but the Bank was ready to fund it if approached.

"IPI gas pipeline project is a win-win project for Pakistan and India besides being good and quite feasible in catering the energy needs of Pakistan and India," he said. The Bank would give a serious consideration to finance it if approached, he said.

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Posted by pichu at May 2, 2007 11:18 PM