China, Nepal sign 14 pacts, including on railway construction

China, Nepal sign 14 pacts, including on railway construction

China, Nepal sign 14 pacts, including on railway construction

Beijing, June 21 (IANS) China and Nepal on Thursday signed 14 agreements, including one on railway construction in the Himalayan nation, following a meeting between visiting Nepali Prime Minister K.P. Sharma Oli and his Chinese counterpart li Keqiang.

Both sides struck the deal on conducting feasibility study of a railway line connecting the border town of Kerung to Nepali capital Kathmandu. The MoU was signed by Nepal's Minister for Physical Infrastructure and Transport Raghubir Mahaseth and his Chinese counterpart li Xiaopeng.

China will bear the cost of the 121.480 km project.

Kathmandu and Beijing had in principal agreed to expand the Chinese railway beyond Nepal border in 2016 during the visit of Oli but no agreement was reached that time.

The Chinese railway authorities will conduct the pre-feasibility of the project within August and will start preparing the detailed project report by the next two years.

The construction will be completed within five years. The Chinese side said its rail will likely reach near Nepal border in 2022. After that, the construction of cross border railway will commence.

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Source:

https://www.thequint.com/hotwire-text/china-nepal-sign-14-pacts-including-on-railway-construction

 

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