Updated By: LatestGKGS Desk
India-Nepal Building Ties Through India’s Financial Assistance on 2 Highway Projects
India-Nepal Connecting Ties Through India’s Financial Assistance on 2 Highway Projects- Details
India and Nepal are now connecting ties as India released financial assistance of Rs 33.10 crores to Nepal for two highway projects.
The two road projects of Birgunj-Thori which is being implemented under Postal Highway Projects in Nepal with Government of India’s grant assistance.
Deputy Chief of Mission in the Indian Embassy, Dr. Ajay Kumar handed over a Cheque of the grant to Secretary, Ministry for Physical Infrastructure and Transport, Nepal, Madhusudan Adhikari in Kathmandu.
The amount has been released towards 25% of the tendered cost (including 10% mobilization advance) of the Postal Highway Projects.
The Government of India has so far released a total of 117.63 Crore rupees to the Government of Nepal for implementing 14 packages of the Postal Highway Projects.
The construction of Dhangadhi-Bhajaniya-Satti road and Lamki-Tikapur-Khakraula road has been completed.
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.
