Nepal, China sign agreement for second phase of Ring Road expansion
Summary
Nepal and China have signed an agreement to commence the second phase of Kathmandu's Ring Road expansion, with China providing Rs11 billion in grant support.
Key Points
- An agreement for the second phase of Kathmandu's Ring Road expansion was signed by Nepal and China.
- The project covers widening an 8.2 km stretch from Kalanki to Basundhara including bridge construction and streetlight installation.
- China is providing around Rs11 billion in grant support for this infrastructure project.
- Minister Sunil Lamsal emphasized quick resolution of issues and hopes for more Chinese investment in Nepal's infrastructure.
