What you should know
A meeting was held between Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel and the delegation led by Chen Xiaodong, Chairman of China International Development Assistance Agency (CIDCA).
Finance Minister Paudel's secretariat said that in the meeting held today at the Ministry of Finance, bilateral relations between Nepal and China, including development partnership, and projects being conducted with China's assistance and to be conducted in the future were discussed. Along with the
bilateral meeting, MoUs were signed for four different projects. It is reported that a Memorandum of Understanding has been signed regarding the project related to the construction of Bone Marrow Transplantation at BP Koirala Memorial Cancer Hospital in Bharatpur, Chitwan and the feasibility study for expansion of the Civil Servant Hospital. It was signed by Finance Secretary Ghanshyam Upadhyay on behalf of Nepal and CIDCA President on behalf of China.
Similarly, an agreement on human resource development has been signed between the two countries. Through this, more than 1,200 government employees will get an opportunity to participate in bilateral and multilateral seminars organized by various organizations in China. On the occasion of
, Executive Director of Nepal Electricity Authority Hitendradev Shakya and CIDCA President signed the minute regarding feasibility study of construction of Rasuwagadhi-Kerung inland power transmission line.
Similarly, China is going to assist in the reconstruction of the physical structure that was destroyed by the flood some time ago in Rasuwa district. During the meeting with the finance minister, CIDCA chairman Xiaodong informed that necessary support will be given to the reconstruction of physical structures and work will be done so that the customs process will be carried out quickly.
Finance Minister Paudel mentioned that post-disaster reconstruction is Nepal's top priority and thanked the Chinese side for their readiness, interest and commitment towards the reconstruction of physical structures. 'Rasuwa port is important not only for import and export, but also in terms of revenue. Therefore, we will proceed with the reconstruction quickly,' said Finance Minister Paudel.
