New Delhi: Prime Minister Narendra Modi and Nepal’s Prime Minister K.P.Sharma Oli jointly inaugurated Motihari-Amlekhgunj cross border petroleum products pipeline through video conference on Tuesday. This is the first transnational petroleum pipeline form India and first South Asian oil pipeline corridor.
The landmark pipeline will ensure smooth, cost effective and environment friendly supply of petroleum products to Nepal.
The 69 kms long pipeline from Motihari in Bihar to Amlekhgunj in Nepal has been constructed by India in just 15 months, half of its 30 months deadline.
The cost of pipeline is around three hundred fifty crore rupees which is entirely borne by Indian Oil Corporation. IOC has also trained officials of Nepal Oil Corporation and refurbished two storage tanks of NOC at Amelkhgunj depot.
The pipeline will save billions of rupees every year on transportation and leakage etc. and expected to make significant contribution in prosperity of Nepal and its people.
It will also be a strong foundation to further strengthen age old India-Nepal relations.