PM Modi, Sheikh Hasina inaugurate Rs 377-cr diesel pipeline to Bangladesh
Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina launched a Rs 377-crore pipeline on Saturday to transport diesel from India to northern Bangladesh, decreasing costs and carbon footprint.
According to Modi, the pipeline will usher in a new era in India-Bangladesh relations. Presently, diesel is delivered to Bangladesh via a 512-kilometer rail route. The 131.5-kilometer pipeline will transport up to 1 million tonnes of diesel per year from Numaligarh in Assam to Bangladesh.
India-Bangladesh Friendship Pipeline will enhance cooperation in energy security between our countries. https://t.co/rj6RA0jq3W
— Narendra Modi (@narendramodi) March 18, 2023
This would save money on transportation and lower the carbon footprint of transporting the fuel, according to Modi.
The pipeline project began construction in 2018. It is the two countries’ first cross-border energy pipeline. The government of India has paid the Rs 285 crore cost of the pipeline’s Bangladesh section out of the total project cost of Rs 377 crore through grant assistance.
The IBFPL would carry 1 million tonnes of diesel per annum (MMTPA) to seven districts in Northern Bangladesh.
The pipeline will connect the Numaligarh Refinery Limited (NRL) marketing terminal in Siliguri to the Bangladesh Petroleum Corporation’s Parbatipur storage (BPC). The petroleum transportation agreement between the two countries will be in effect for 15 years, with a potential for further extension during later phases based on both governments’ approval.