Kathmandu, February 20: India has sanctioned a soft loan of 227 crores rupees to Nepal for the development of roads and bridges in Nepal. Indian Ambassador to Nepal, Ranjit Rae and Secretary at the Ministry, Dhan Bahadur Tamang, exchanged a MoU in presence of Minister Lekhak and Railway Minister Suresh Prabhu.Expressing India’s commitment for strengthening infrastructure in Nepal, Railway Minister Suresh Prabhu said, it is just a beginning. He termed infrastructure as a pre-requisite of development. Delivering his key note address at Nepal Infrastructure Summit 2017 at Kathmandu this evening he said that since PM Modi took over the charge of Prime Minister Infrastructure in India has increased many fold.
Cabinet Minister said Nepal has abundance of human and natural resources but due to lack of infrastructure it is not able to accelerate growth. Referring to strong bilateral relations he said that India and Nepal are like twin brothers.Speaking on the occasion, Minister Lekhak said that India has provided significant support in the construction of railway route and postal highway to Nepal by maintaining mutual relations, harmony and cooperation between the two countries.
Under this programme Mahakali bridge and 15 roads will be constructed in various parts of Nepal. Meanwhile, Prime Minister of Nepal, Vice President of Asian Development Bank, President of Confederation of Nepalese Industries (CNI) and other dignitaries also expressed their views at the summit.The two-day summit, which is being organised by the Confederation of Nepalese Industries (CNI) in association with the Nepal government and Youth Community for Nepalese Contractors, is all set to kick-off on Sunday. Prabhu has been invited as the guest of honour and a keynote speaker at the opening ceremony of the summit.