National News

Groundbreaking of North-South gas pipeline project likely in December

ISLAMABAD, Oct 18 (APP): Ground breaking ceremony of the $2billion North-South gas pipeline project is likely to be performed in December this year, official sources said Tuesday. “It is expected that the Russian side will submit the financing plan during the current week. The service/BOOT Agreement to be finalized by the end of next month and the groundbreaking is likely in December, 2016,”sources in the Inter State Gas System (ISGS), the official project executing company, told APP. They informed that Pakistan and Russia had signed the agreement at government-to-government level on October 16, 2015 and the pipeline was being constructed on the Built Own Operate and Transfer (BOOT) basis.