Japan to Provide Additional Loan for Nagdhunga Tunnel Project
Summary
The Japanese government will provide an additional loan of 5.70 billion Yen to support the completion of Nepal's Nagdhunga Tunnel Project, raising total assistance to 22.336 billion Yen.
Key Points
- Japan will provide an additional loan of 5.70 billion Japanese Yen for the Nagdhunga Tunnel Project in Nepal.
- The total loan assistance from Japan for the project now stands at 22.336 billion Yen.
- The loan increase is due to rising costs from price hikes and technical reasons.
- The Nagdhunga Tunnel, started in 2019, is expected to become operational this year, improving vehicle movement and the local economy.
