Prime Minister Narendra Modi and his Nepalese counterpart K P Sharma Oli today jointly inaugurated the India-Nepal petroleum pipeline, the first ever cross-border pipeline inSouth Asia that seeks to enhance the energy security of the region and substantially cut down on transit costs.
The petroleum pipeline extends from Motihari in Bihar to Amlekhganj town in southern Nepal in the project in which India has invested Rs 3.5 billion to install the pipeline.
Expressing satisfaction over the completion of the pipeline, Modi, who inaugurated the project through videoconferencing, said that it was ready in half the time than expected.
“It is a matter of great satisfaction that the first cross-border petroleum pipeline of South Asia has been completed in record time. It was ready in half the time than expected,” Modi said in a video conference during the petroleum pipeline along with his Nepali counterpart KP Sharma on the other side.
“The credit for this goes to your leadership, the support of the Government of Nepal and our joint efforts,” he added. The landmark project was first proposed in 1996. However, the project finally edged closer to reality during Modi’s visit to Kathmandu in 2014.
It was expected to commence operations in mid-April this year but was delayed due to permission to cut trees inside Parsa National Park. Modi and Oli had jointly laid the foundation stone for the project at the Hyderabad House in New Delhi during Oli’s visit to India last year.