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GAIL India seeks full government funding for gas pipeline project

Gas logistics and transportation major GAIL India has sought full government funding of $1.82-billion for the construction of a 2 539 km gas pipeline that will run through the northern and eastern Indian provinces. According to an official in the Petroleum and Natural Gas Ministry, GAIL had claimed full government budgetary support for construction of the pipeline, as the difference between investment from its own funds and the internal rate of return (IRR) from the project could not be bridged without concessional funding.