Nepal & China agree to expedite pending infrastructure projects under BRI

economictimes.indiatimes.com:

Belt and Road Initiative to boost infrastructure in the landlocked Himalayan nation, a media report said on Tuesday. The agreement was reached during a meeting between the vice chairman of Nepal's National Planning Commission (NPC), Dr Min Bahadur Shrestha, and Chong Liang, the vice chairman of the Chinese government's National Development and Reform Commission (NDRC), which oversees the implementation of the Belt and Road Initiative (BRI).

Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' is expected to visit China in September. During the meeting, both parties discussed the progress in implementing various programmes and projects announced by the Chinese government and stressed the need for expeditious completion of preparatory work on both sides to accelerate major connectivity projects in line with the previously agreed-upon commitments, My Republica news portal reported.

The two sides during the meeting held in Beijing engaged in comprehensive discussions on the outstanding work to be carried out by the governments of Nepal and China. China has been actively investing in Nepal in many infrastructure projects to boost closer cooperation between the two neighbours.

On Monday, Nepal's Foreign Minister N P Saud on the Belt and Road Initiative (BRI) agreement signed between Nepal and China said it was not yet implemented but discussions were underway for its implementation. Nepal and China signed a memorandum of understanding on One Belt One Road later known as BRI, a flagship initiative of Chinese President Xi Jinping, on May 12, 2017.