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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