India and Nepal on August 31, 2018 signed a Memorandum of Understanding (MoU) on conducting a preliminary survey of a railway line connecting Indian border town Raxaul to Nepal's capital Kathmandu.
The agreement was signed by Indian Ambassador to Nepal Manjeev Singh Puri and Nepal's Secretary of Ministry of Physical Planning and Works, Madhusudan Adhikari in Kathmandu in the presence of Prime Minister Narendra Modi and Nepal's Prime Minister K P Sharma Oli.
The MoU was signed on the sidelines of the 4th summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) that concluded in Kathmandu.
The Raxaul-Kathmandu rail line is expected to expand connectivity by enhancing people-to-people linkages between the two countries and promoting economic growth and development. |
Key Highlights
• The agreement was signed on preliminary engineering-cum-traffic survey, to be conducted on broad gauge rail line between Raxaul and Kathmandu.
• India's state-owned company, Konkan Railway Corporation Ltd, has been entrusted to conduct the survey of the new railway.
• The Indian technical team has already started working on pre-feasibility study since the announcement of constructing the railway was made in April.
Background
India and Nepal had agreed in April 2018 to construct a new electrified rail line with India’s financial support connecting the border city of Raxaul in India to Kathmandu, the capital of Nepal.
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