Evincing interest in financing the project, World Bank's vice president Praful Patel said the Bank has not been approached by Pakistan to this effect formally or informally but the Bank was ready to fund it if approached.
"IPI gas pipeline project is a win-win project for Pakistan and India besides being good and quite feasible in catering the energy needs of Pakistan and India," he said.
The Bank would give a serious consideration to finance it if approached, he said. Top United States officials have time and again expressed strong objections over the project.
Patel said if the IPI project materialised Pakistan would also get the transit fee annually from India, which would play a pivotal role in strengthening its economy.
He said the Bank also supports the Turkmenistan-Afghanistan-Pakistan gas pipeline project. "If Pakistan would come to ask for funding for any of the pipelines, the World Bank would seriously consider extending the funding".
Patel said his Bank is willing to support and develop Pakistan's mega dams, but to justify the funding the regime would have to come up with a comprehensive settlement and land acquisition policy.
The land acquisition policy needs to be updated. Global standards, which include issues pertaining to protection of environment, other safeguards and compensation to displaced people should also be taken care of, he said.'India not to abandon IPI pipeline'
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