Government Of Nepal Received NPR 470 Million For Postal Highway Project From India

Government Of Nepal Received NPR 470 Million For Postal Highway Project From India

Aug. 15, 2018, 9:41 a.m.

Ambassador of India Manjeev Singh Puri handed over a Cheque worth NPR 470 million to the Secretary, Minister for Physical Infrastructure and Transport Madhusudan Adhikari at Singha Durbar, Kathmandu On Tuesday, August 14, 2018. The amount has been released to maintain fund liquidity for the ongoing construction of 14 road packages under Postal Highway Project. With this payment, a total of NPR 2.35 billion stands released to the Government of Nepal out of the total grant assistance of NPR 8.00 billion committed by the Government of India for implementing 14 packages under Packages 2-6 of Phase I of the Postal Highway Project.

According to press release issued by Embassy of India in Kathmandu, the Package 1 of the Project comprising two roads (i) Dhangadhi-Bhajaniya-Satti road & (ii) Lamki-Tikapur-Khakraula road have already been completed with Government of India’s grant assistance worth NPR 1.02 billion which were inaugurated on 19 January 2017.

Since 1950, the Government of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various Highways, Roads, Bridges, Airports, etc. as part of its multi-sectoral and multi-dimensional India-Nepal Economic Cooperation Programme.

More on Economy

The Latest

Latest Magazine

VOL 12 No.05, September 21, 2018 (Ashoj. 05, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.04, September 07, 2018 (Bhadra 22, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.03, August 17, 2018 (Bhadra 01, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.02, August 03, 2018 (Shrawan 18, 2075) Online Register Number: DOI 584/074-75