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India approves USD 250 million investment for infrastructure projects in Nepal

Devdiscourse News Desk kathmandu India
Updated: 12-03-2019 19:14 IST
India approves USD 250 million investment for infrastructure projects in Nepal

Image Credit: Flickr

India has extended a grant assistance of up to USD 250 million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9,000 people. During the India-Nepal Joint Project Monitoring Committee meeting held here on Tuesday, officials from the two countries reviewed the progress of post-earthquake reconstruction projects.

"The meeting also discussed sectors namely Education, Health and Cultural Heritage. During the meeting the two sides agreed to take steps to expedite progress in all sectors. India has been extending support for reconstruction in these sectors with a grant assistance equivalent to USD 250 million,"sources from the Indian Embassy here said. The meeting was chaired by Arjun Kumar Karki, Secretary, National Reconstruction Authority from the Nepal while the Indian delegation was led by Sudhakar Dalela, Joint Secretary (North), Ministry of External Affairs, Government of India.

The Nepali side conveyed its appreciation for the support of the Government of India for post-earthquake reconstruction projects in Nepal. Both sides agreed to work together to expedite progress in implementation of reconstruction projects. Earlier this month, India said that it will reconstruct 72 education facilities in Nepal that were damaged during the earthquake.

The decision taken was part of an agreement signed between Indian Embassy in Kathmandu and the Central Building Research Institute (CBRI), Rourkee.

(With inputs from agencies.)

COUNTRY : India Nepal