Nepal-Japan loan agreement signed for Koteshwor Intersection Improvement Project

Key Points

• Nepal signed a loan agreement worth 34.59 billion Japanese yen with Japan for the Koteshwor Intersection Improvement Project.
• The loan has a grace period of 10 years, a repayment period of 30 years, and an annual interest rate of 0.2 percent.
• The project will construct an underpass and a flyover along the Koteshwor–Jadibuti section to alleviate traffic congestion.
• The project will be implemented by the Department of Roads under the Ministry of Physical Infrastructure and Transport.