India, Nepal sign three agreements including improvement of road network
The agreements were inked during four-day-visit of Nepal Prime Minister Pushpa Kamal Dahal Prachanda to India.
India and Nepal on 16 September 2016 signed three MoUs and agreements to enhance the bilateral agreement between the two nations.
The agreements were inked during the four-day-visit (from 15 September to 18 September 2016) of Nepal Prime Minister Pushpa Kamal Dahal Prachanda to India.
The inked MOUs and agreements are
• MoU for project management consultancy services for upgradation/improvement of road infrastructure in Terai area of Nepal – The services will be provided by NHIDCL in pursuance of the MoU signed on 20 February 2016.
• First Amendatory Dollar credit line agreement between Nepal and EXIM Bank: Amendatory agreement to 1 billion US dollar Line of Credit agreement signed on 25 November 2014, enabling reapportioning of unutilised funds for post-earthquake reconstruction projects in Nepal.
• Dollar Credit line agreement between Nepal and EXIM Bank: New Line of Credit agreement for 750 million US dollar for post-earthquake reconstruction projects in Nepal.
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