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Landslides block Narayangadh-Muglin road section again

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CHITWAN — The Narayangadh-Muglin road section from Jalbire to Kalilkhola has shutdown following landslides at multiple locations from early this morning.

According to Narayangadh-Muglin Road Project engineer Shiva Khanal, the landslides occurred at 4:30 am blocking the highway.

A total of seven landslides struck within the five km road stretch from Jalbire to Kalikhola. A huge landslide has struck the Jalbire section which lies at a distance of 32 km from Narayangadh, Khanal said.

The road will remain shut for at least two hours due to the time consuming work of removing the debris.

The road is currently being expanded by trimming down the hillsides. The area is witnessing repeated landslides as the slopes have been deformed due to the construction work.

The incoming stream of traffic at both the side of the highway is on hold due to the obstruction.

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Economy

South Korea provides 10 mln US Dollar grant assistance

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KATHMANDU — The government of South Korea, Korea International Cooperation Agency (KOICA), has agreed to provide 10 million US dollar (approximately Rs 1.02 billion) grant assistance to the project for the Integrated Rural Development of Nepal through Strengthening Research and Development Capacity of Kathmandu University (KU).

The objective of the project is to contribute for integrated rural development of Nepal by strengthening research and development capacity of KU and to promote technology innovation for improving quality of life and income status of people in rural communities in Nepal.

At a programme organised at the Ministry of Finance today, Finance Secretary Shankar Prasad Adhikari, and Park Young-sik, Ambassador of Korea to Nepal, signed the MoU.

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Kathmandu University is an autonomous and non-for-profit institution dedicated to maintain high standards of academic excellence.

The implementing agencies of the project are KOICA, Nepal and KU. The duration of the project will be from 2018-2023.

On the occasion, Finance Secretary, Adhikari, on the behalf of the government, expressed appreciation to the government of Korea for this assistance and its continued support in the socio-economic development of Nepal.

South Korea provides 10 mln US Dollar grant assistane

KATHMANDU — The government of South Korea, Korea International Cooperation Agency (KOICA), has agreed to provide 10 million US dollar (approximately Rs 1.02 billion) grant assistance to the project for the Integrated Rural Development of Nepal through Strengthening Research and Development Capacity of Kathmandu University (KU).

The objective of the project is to contribute for integrated rural development of Nepal by strengthening research and development capacity of KU and to promote technology innovation for improving quality of life and income status of people in rural communities in Nepal.

At a programme organised at the Ministry of Finance today, Finance Secretary Shankar Prasad Adhikari, and Park Young-sik, Ambassador of Korea to Nepal, signed the MoU.

Kathmandu University is an autonomous and non-for-profit institution dedicated to maintain high standards of academic excellence.

The implementing agencies of the project are KOICA, Nepal and KU. The duration of the project will be from 2018-2023.

On the occasion, Finance Secretary, Adhikari, on the behalf of the government, expressed appreciation to the government of Korea for this assistance and its continued support in the socio-economic development of Nepal.

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