India to Lend Nepal $340 Mln for Infrastructure, International Rail Network


India to Lend Nepal $340 Mln for Infrastructure, International Rail Network

In a backdrop of Nepal’s improved strategic inclination towards China, Delhi has offered cross border rail connectivity and commits soft loans of $340 million to Kathmandu for more than 15 road projects. India’s Minister of Railway Suresh Prabhu has inked a letter of exchange with Nepal’s Physical Infrastructure and Planning Minister Ramesh Lekhak for the projects in Kathmandu.

Reinventing the relation with Nepal in changed scenario, Prabhu also commits to connect Kathmandu to Indian cities Delhi and Kolkata through rail networks. “We need to build the railway tracks connecting Kathmandu with Delhi and Kolkata as soon as possible,” Railways Minister Suresh Prabhu said.

Of late, India is trailing far behind China in extending financial support to Kathmandu primarily for infrastructure projects. “I will give priority to building such networks soon,” Prabhu said. Read More…

Credit By : Sputniknews.com

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