Indian Ambassador Hands Over Money For India Assisted Postal Highway Project

Indian Ambassador to Nepal Manjeev Singh Puri handed over a Cheque for an amount of INR 14,83,67,977.00 equivalent to NRs. 23,73,88,762.68 (to Secretary, Minister for Physical Infrastructure and Transport Devendra Karki at Singha Durbar Kathmandu.

July 20, 2017, 11:45 a.m.

Indian Ambassador to Nepal Manjeev Singh Puri handed over a Cheque for an amount of INR 14,83,67,977.00 equivalent to NRs. 23,73,88,762.68 (to Secretary, Minister for Physical Infrastructure and Transport Devendra Karki at Singha Durbar Kathmandu.

According to a press release issued by Indian Embassy, the amount has been released towards 25% of tendered cost (including 10% mobilization advance) of the two contracted road stretches namely Maisthan-Gaushalabazaar-Samsi Road and Birendrabazaar-Yadukuha-Mahinathpur Road being implemented under Postal Highway Project in Nepal with Government of India’s grant assistance worth NRs. 8000 million.

Earlier, on January 30, 2017, an amount of NRs. 24,97,10,698.17 was released for the Project towards 25% of tendered cost of four contracted road stretches namely Birendrabazaar-Mahinathpur, Janakpur-Yadukuwa road, Manmat-Kalaiya-Matiarwa (0-15 km road) and Manmat-Kalaiya-Matiarwa (15-26.660 km road).

So far, construction of two roads of Hulaki Rajmarg (i) Dhangadhi-Bhajaniya-Satti road & (ii) Lamki-Tikapur-Khakraula road have been completed with Government of India’s grant assistance worth NRs 1020 million which were inaugurated on 19 January 2017 at Dhangadhi.

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