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China supports to reconstruct Tatopati border point

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KATHMANDU — The Chinese government has agreed to extend the assistance to Nepal for the projects on post-disaster recovery for Tatopani border point, the hospital recovery in Sindhupalchowk and reconstruction of Jiri Secondary School.

An agreement to this was signed and exchanged at the Ministry of Finance today, said a press statement issued by the Ministry.

Chinese government has pledged to provide Rs 48 billion grants for it.

Finance Secretary Shankar Prasad Adhikari and Chinese Ambassador to Nepal Yu Hong signed the agreements on behalf of the government of Nepal and the Chinese government respectively.

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For the resumption of the Tatopati border point, the budget would be used for renovation of building and establishment of protection measures, so that trade clearance capabilities would be improved.

Similarly, under hospital recovery project, a middle sized hospital equipped with necessary facilities having 39 beds would be constructed in Sindhupalchowk.

School reconstruction is aimed at recovering and improving school facilities and functions.

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Economy

Nepal, China sign sign power grid agreement

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BEIJING — Nepal Electricity Authority and State Grid Corporation of China have signed an agreement on feasibility study of Nepal-China Cross-border Power Grid Interconnection Project on Wednesday.

As per agreement, the two parties would conduct the feasibility study of 400kV Kerung-Rasuwagadhi-Galchhi-Ratamate transmission line.

The Chinese side will perform the lead role in the preparation of the DPR as requested by the NEA. And, a joint technical committee comprising representatives from both parties would prepare the DPR.

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It will hire a consultant to conduct the study and submit a report.

The transmission line will extend from Ratamate in Nepal to Shigatse in China. Only 80km out of the estimated 800-km transmission line lies inside the Nepali territory.

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