Kathmandu, 27 August. Nepal and China have agreed to expedite the execution of China-funded projects in Nepal.
A video conference meeting was held between Nepal’s Ministry of Finance and China International Development Cooperation Agency (CIDCA) of China on Thursday where comprehensive discussions were made regarding the implementation status of the China-funded development projects in Nepal.
The meeting has also deliberated on the upcoming initiations that need to be taken from both sides for expediting the implementation of the pipeline projects.
Addressing the meeting, Sishir Kumar Dhungana, Secretary, Ministry of Finance highlighted on the
status of various cooperation between two countries and said, ‘It is gratifying that the projects undergoing with the grant assistance and concessional loan from China are being smoothly implemented and we are committed to upscale the partnership to a new height with China.’
We need to jointly coordinate to resolve the existing issues related to the execution of different projects and facilitate for construction of the projects in the stipulated time, he added further, he added.
Deng Boqing, Vice Chairman of CIDCA said, ‘We have already taken initiations to resolve the issues related to the execution of the ongoing projects and are committed to carrying forward the important pipeline projects whose preparatory works has been already finalized by the Government of Nepal.’
He also elaborated on the plans related to the improvement of Araniko Highway and the Ring-Road Improvement Project (Phase II), which is going to be initiated soon.
In the meeting, the Nepali side briefed CIDCA about the progress of different on-going projects and
subsequently requested for the earlier initiation from Chinese side for the implementation of most
strategic pipeline projects including the Bir-Hospital Extension Project, Coordinated Border Management at Korala Customs Point, Madan Bhandari Science and Technology University Project, Livelihood Improvement Projects in the Northern Region of Nepal, Feasibility Study of Tunnel Construction in Tokha-Chhare and Betrabati-Syafrubesi and China-Nepal Cross-Border Railway and implementation of Exim-Bank concessional loan projects.
The Chinese side reaffirmed their commitment towards scaling up the initiations for promoting these
projects and stressed on the need to work together to better plan and coordinate for accomplishing these projects. They further purposed to forward these projects in a stepwise manner once the effect of the COVID-19 begins to ease down.
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