India, Nepal sign three agreements including improvement of road network

Posted on:17 Sep 2016 18:04:47
India, Nepal sign three agreements including improvement of road network
17 September 2016 Current Affairs: India and Nepal signed three MoUs and agreements to enhance the bilateral agreement between the two nations on 16 September 2016 .

The agreements were inked during the four-day-visit (from 15 September to 18 September 2016) of Nepal Prime Minister Pushpa Kamal Dahal Prachanda to India.

MOUs and agreements are : MoU for project management consultancy services for upgradation/improvement of road infrastructure in Terai area of Nepal – The services will be provided by NHIDCL in pursuance of the MoU signed on 20 February 2016.

First Amendatory Dollar credit line agreement between Nepal and EXIM Bank: Amendatory agreement to 1 billion US dollar Line of Credit agreement signed on 25 November 2014, enabling reapportioning of unutilised funds for post-earthquake reconstruction projects in Nepal.

Dollar Credit line agreement between Nepal and EXIM Bank: New Line of Credit agreement for 750 million US dollar for post-earthquake reconstruction projects in Nepal.

 

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