Handing over of Cheque for NRs.24,97,10,698.17 for Govt of India assisted Postal Highway Project

IMG301171On Monday, January 30, 2017, H.E. Ambassador of India Shri Ranjit Rae handed over a Cheque for an amount of NRs. 24,97,10,698.17 (Nepalese Rupees Twenty Four Crores Ninety Seven Lakh Ten Thousand Six Hundred Ninety Eight & paise seventeen only) to the Hon’ble Minister for Physical Infrastructure and Transport Shri Ramesh Lekhak at Singha Durbar Kathmandu.

The amount has been released towards 25% of tendered cost (including 10% mobilization advance) of the four contracted road stretches namely Birendrabazaar-Mahinathpur, Janakpur-Yadukuwa road, Manmat-Kalaiya-Matiarwa (0-15 km road) and Manmat-Kalaiya-Matiarwa (15-26.660 km road) being implemented under Postal Highway Project in Nepal with Govt of India grant assistance of  NRs. 8000 million.

2.       Recently, the two completed roads (i) Dhangadhi-Bhajaniya-Satti road & (ii) Lamki-Tikapur-Khakraula road constructed with GoI grant assistance worth NRs 1020 million were inaugurated on 19 January 2017 at Dhangadhijointly by the Ambassador of India to Nepal and the Minister for Physical Infrastructure and Transport, Government of Nepal.

3.       Since 1950, the Govt. of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various Highways, Roads, Bridges, Airports, etc. as part of its multi-sectoral and multi-dimensional India-Nepal Economic Cooperation Programme.