Top News

|  Kochi port to offer special facilities to handle cotton export trade  |    |  Railways to set up INR 200 cr solar power plant in Bhilai  |    |  Cargo traffic in five AP minor ports sinks  |    |  Railways eyes INR 10,000 crore revenue boost via 2 lakh screens at stations  |    |  Port of Virginia container traffic jump 8.9% 232,148 TEU in March  |    |  Asia-Europe rate continues weekly rise, up 1.6% to USD880 TEU  |    |  World Bank approves USD 375 m loan for developing NW-1  |    |  Satellite port will come up at Vijaydurg  |    |  Embraer ties up with Air India to set up MRO in Secunderabad  |    |  Riga quarterly container traffic increases 2.1% to 110,400 TEU  |    |  NDR group in tie-up for ICD  |    |  Konkan Railway to start special trains  |    |  Ashok Leyland plans INR 600 cr capex this fiscal  |    |  TM International Logistics gets nod to acquire special wagons  |    |  Adani Logistics commissions multimodal logistics park in Punjab  |    |  Yogi Adityanath govt. pushes for new airport in NCR  |    |  India steel import falls 36% to 7.4 mt in 2016-17  |    |  Hapag-Lloyd ups rates USD 200 TEU from South America to North America  |    |  South Eastern Railway achieves highest ever freight loading during the financial year 2016-17  |    |  CMA CGM hikes Asia to west coast Latin America rate USD 600 TEU May 15  |   
You are here: Home » International News » Infrastructure» Govt. of India approves 16 road projects in Nepal

Govt. of India approves 16 road projects in Nepal

24 February 2017 | Kathmandu


The government of India has approved 16 road projects, including a bridge over the Mahakali river in the far-western region, in Nepal.

The new projects under India’s financial assistance will be carried out under Indian government’s third Line of Credit.

The projects were agreed upon on Wednesday during the Fifth Bilateral Line of Credit Review Meeting between the governments of India and Nepal in Kathmandu.

The Indian Embassy in Kathmandu said in a statement, the road projects will be developed by consolidating 11 road packages and 1 bridge project as it is desirable to keep smaller number of packages to attract quality contractors.

Both sides also discussed the modalities for implementation of the Line of Credit for USD 750 million pledged by the government of India for the post-earthquake reconstruction of Nepal, which is now ready for operation, the embassy added.

The meeting, according to the embassy, also dwelt on expediting the Rahughat Hydroelectric, Koshi Corridor, Solu Corridor and Modi-Lekhnath Transmission line projects.

Similarly, the meeting also took up the issue of capacity development of the National Reconstruction Authority and other official agencies by way of familiarisation programmes for LoCs.

Both sides also agreed on setting up Joint Monitoring Teams to meet on a quarterly basis to ensure better monitoring and speedy implementation of the projects.

The meeting reviewed the progress made on the projects under USD 100 million LOC-I and USD 250 million LOC-II extended by the government of India to the government of Nepal through EXIM Bank of India.

Transreproter Logo