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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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Govt decides to award Budhi Gandaki Hydel project to Chinese firm again

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KATHMANDU — The government has decided to award contract for the construction of the 1,200-megawatt Budhigandaki hydropower project, a national pride project, to China Gezhouba Group Corporation (CGGC) once again.

A Cabinet meeting on Friday has decided to award the contract for the project to CGGCL reverting the erstwhile Sher Bahadur Deuba government’s decision to develop the 1200MW project with internal resources.

The Cabinet meeting has directed the Energy Ministry to initiate the process to award the project to the Chinese company.

Following the government decision, the Energy Ministry will now invite the Chinese company for talks and prepare a draft of the memorandum of understanding (MoU) before signing it, according to multiple sources at the ministry.

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As per the Cabinet decision, the ministry has been asked to hold talks with the Gezhouba, prepare a proposal, and strike a deal to execute the $2.5 billion reservoir project.

Earlier on May 15, 2017, the Pushpa Kamal Dahal-led government had awarded the contract to construct the Budhigandaki project to CGGCL, juat nine days before he was to resign from the PM’s post.

The Dahal-led government had awarded the contract to CGGCL at a cost of Rs 260 billion as per a study carried out by a French company, Tractebel Engineering.

The agreement, however, invited controversy as the project was handed to the Chinese company without initiating a competitive bidding process.

The Budhi Gandaki hydel project has been touted as a key project to resolve the perennial power crisis in the country. The government has allocated Rs18 billion for compensation payments and operational expenses for this fiscal year.

The Gorkha and Dhading district administration offices are currently distributing compensation to owners of the land taken over by the project.

More than 8,000 households will be affected by the project, according to the latest report.

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