India committed soft loans amounting to USD 340 million to Nepal for infrastructure projects.
Railways Minister Suresh Prabhu, who arrived in Nepal on 19
th Feb 2017 to attend the 'Nepal Infrastructure Summit 2017', signed a letter of exchange with Nepalese Minister for Physical Infrastructure and Planning Ramesh Lekhak.
According to this, India committed a bridge project and 15 road projects totaling USD 340 million soft loans to Nepal.
Prabhu also called on Nepal's President Bidya Devi Bhandari at Rashtrapati Bhawan and discussed key issues in the bilateral relations.
During the meeting, the two leaders discussed bilateral relations, according to a press release issued by the President's office.
Prabhu is in Nepal to attend 'Nepal Infrastructure Summit 2017' that is being organised by the Confederation of Nepalese Industries (CNI) in association with the Nepal government and Youth Community for Nepalese Contractors (YCNC) to be held between February 19-20.
The minister, is the guest of honour and keynote speaker at the summit.
Nepal: Know More- Capital: Kathmandu
- Code: +977
- Currency: Nepalese rupee
- Prime minister: Pushpa Kamal Dahal
- President: Bidhya Devi Bhandari
