Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s northern neighbour China has announced to commission a feasibility study of Kerung-Kathmandu railway with grant-assistance.
Minister for Foreign Affairs of China Wang Yi made such announcement during a bilateral meeting with his Nepalese counterpart Dr Narayan Khadka, who is in a three-day state visit to China. The Nepal-China bilateral meeting was held in Qingdao of China on August 10 (Wednesday).
During the talks, the two sides made a comprehensive review of Nepal-China relations and bilateral cooperation and also agreed to further extend assistance in the areas of trade, connectivity, investment, health, tourism, poverty alleviation, agriculture, disaster risk reduction, education and culture, among others, reads a press statement issued by the Embassy of Nepal in Beijing on Wednesday.
According to the RSS, Foreign Minister Khadka is on a three-day official visit to China at the invitation of China’s State Councilor and Minister for Foreign Affairs Wang.
On the occasion, Minister Khadka reiterated Nepal’s unswerving stance on one-China policy noting that Nepal would not allow the use of its territory for any activity against China, the embassy said.
Likewise, Foreign Minister Wang also reiterated China’s continued and unconditional support and solidarity for Nepal’s sovereignty, independence and territorial integrity and assured to provide assistance in Nepal’s development efforts as per the priorities of the Government of Nepal, RSS reported.
Expressing commitment to timely implementation of the deals signed during the high-level state visits in the past, both the two ministers agreed to expedite the implementation of the projects being operated with China’s assistance to Nepal.
On the same occasion, the Chinese side also assured the Nepali delegation of immediately starting the second round of construction of the Kathmandu Ring Road Improvement Project.
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