India extends financial assistance of NRs 48.84 million for construction of Campus Building for Koteshwor Multiple Campus in Kathmandu District
Local Development Officer, Kathmandu district, Campus Chief of Koteshwor Multiple Campus and Second Secretary of Indian Embassy singed a Memorandum of Understandings [MoU] for construction of Campus Building for Koteshwor Multiple Campus at an estimated cost of NRs 48.84 million in Kathmandu District.
According to a press release issued by Indian Embassy, the project is being funded by the Government of India under Small Development Program Scheme as part of India–Nepal Economic Cooperation Program.
Koteshwor Multiple Campus established in 1990 is a non-profitable, non-governmental, service oriented community college situated at Koteshwor in Kathmandu district. Due to inadequacy of physical infrastructure the campus is being run froma old building. The new infrastructure will provide much needed classroom space and would create an improved environment for learning and contribute to the development of education in the area.
Hitherto, 14 other projects have been completed with the Government of India’s assistance worth 363.6 million to the district alone. Moreover, 9 other projects at a cost of NRs 383.7 million are at various stages. Additionally, Government of India has, in the past, provided 41 ambulances, 03 special Medical Vans and 37 school buses to various organizations from Kathmandu recognizing the need of the people of Nepal and the GOI’s continued commitment to help support Government of Nepal in its endeavor towards socio-economic developments. Apart from this the Government of India has also extended financial assistance of approx. NRs 501.53 million towards renovation, restoration, up gradation of various sites of religious, educational, cultural and historical importance in Nepal in financial year 2015-2016.
The India-Nepal Economic Cooperation Programme has an outlay of over NRs 76 billion with more than 529 large and small development projects completed or being implemented in almost all the districts of Nepal. These development projects, mainly in the sectors of education, health and infrastructure development, have been undertaken in response to local needs and in partnership with the Government of Nepal.