Nepal-Japan sign Rs31 billion loan deal to upgrade Koteshwar intersection

Key Points

• Japan has agreed to provide a Rs31 billion loan for the Koteshwar intersection improvement project in Kathmandu.
• The project involves constructing a flyover at Koteshwar, a key traffic junction linking Kathmandu with Nepal's eastern region.
• The improvement aims to significantly reduce travel time between Tinkune and Jadibutti from 40-60 minutes to 5-10 minutes.
• The Japanese ambassador emphasized the importance of choosing reliable contractors through fair competition and highlighted the project's role in Nepal's economic development and bilateral ties.