International   

China provides aid to Nepal

KATHMANDU: Foreign Minister of China Yang Jiechi and his Nepal counterpart Upendra Yadav on Wednesday signed an agreement on Economical and Technical Cooperation, which provides a financial aid of RMB 100 million ($14.8 million) to Nepal.

Mr. Yang told reporters, “Economically China has been doing its best to help build Nepal.” On Wednesday, the two countries’ delegations discussed road connectivity, economic corridor and expansion of railways from Lhasa to Syafrubesi.

China, one of the major donors for Nepal, has also agreed to provide a “soft loan” of $200 million.

Mr. Yadav also said China wanted to help strengthen Nepal’s security system

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

U.S., India see link to militants in Pakistan
LTTE targets hit: Colombo
China provides aid to Nepal
Prayers in Houston

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu