India is willing to bear nearly 65 per cent cost of the 5,000-mw Pancheshwar multi-purpose project in Nepal that will make the latter powersurplus and control floods, an official said.
The assurance came after Nepalese Ambassador to India Deep Kumar Upadhyaycalled on Union Minister for Water Resources and River Development Nitin Gadkari today. Gadkari also holds road transport and highways portfolio.
“During the course of the meeting on infrastructure related projects, 5,000 mw bi-national Pancheshwar multi- purpose project dominated the discussion. Keen on its implementation, the minister (Gadkari) on behalf of the government expressed willingness to bear about 65 per cent of the project cost,” a ministry official told PTI. Read More…
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