JICA signs additional ¥5.7 billion loan for Nagdhunga Tunnel project
Summary
Japan has extended an additional concessional loan of 5.7 billion Yen to Nepal for the Nagdhunga Tunnel Construction Project, raising total support to over 22 billion Yen. The tunnel aims to ease traffic congestion and boost connectivity and economic growth, expected operational by July 2026.
Key Points
- Japan extended an additional concessional loan of 5.7 billion Japanese Yen for the Nagdhunga Tunnel Construction Project.
- Total Japanese financial support for the project exceeds 22 billion Yen.
- The 2.68-kilometre Nagdhunga Tunnel is about 99% complete and expected to be operational by July 2026.
- The project aims to improve transportation connectivity and support Nepal's economic growth and regional integration.
