Nepal, China discuss expanding trade, transport and connectivity
ECONOMY & POLICY

Nepal, China discuss expanding trade, transport and connectivity

Nepal's Deputy Prime Minister, Bishnu Prasad Paudel, reportedly spoke of enhancing bilateral cooperation and speeding up the implementation of various infrastructure projects during his discussions with China's Vice Premier, He Lifeng, in Beijing. According to a press release from Nepal's Finance Ministry, Vice Premier He is said to have assured Paudel that the Chinese government would hasten the execution of previously announced projects.

It was also mentioned that the Communist Party leader requested support from China in expanding direct air services between several Chinese cities and Bhairahawa and Pokhara international airports. Paudel, who is leading the Nepalese delegation, is in Beijing to attend the "Global Sustainable Transport Forum," taking place from 25th to 26th September.

The two leaders are believed to have talked about advancing key infrastructure projects backed by China, such as the Kerung-Kathmandu railway, the Tokha-Chhahare tunnel, several road projects, the Madan Bhandari Science and Technology University, and Damak Industrial Park. Chinese leader He reportedly emphasised the importance of implementing these agreements to further strengthen bilateral relations and expressed a wish to fast-track development projects related to infrastructure, transport, and connectivity.

During his visit, Paudel is understood to have delivered a speech at the opening of the forum, where he highlighted the significance of building a sustainable and reliable transport system to enhance connectivity, economic growth, and quality of life. He reportedly stated that efficient transport infrastructure is crucial for a landlocked nation like Nepal, which has made significant strides in road expansion and the promotion of electric vehicles.

Paudel is expected to return to Nepal on Saturday, following his six-day trip.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Nepal's Deputy Prime Minister, Bishnu Prasad Paudel, reportedly spoke of enhancing bilateral cooperation and speeding up the implementation of various infrastructure projects during his discussions with China's Vice Premier, He Lifeng, in Beijing. According to a press release from Nepal's Finance Ministry, Vice Premier He is said to have assured Paudel that the Chinese government would hasten the execution of previously announced projects. It was also mentioned that the Communist Party leader requested support from China in expanding direct air services between several Chinese cities and Bhairahawa and Pokhara international airports. Paudel, who is leading the Nepalese delegation, is in Beijing to attend the Global Sustainable Transport Forum, taking place from 25th to 26th September. The two leaders are believed to have talked about advancing key infrastructure projects backed by China, such as the Kerung-Kathmandu railway, the Tokha-Chhahare tunnel, several road projects, the Madan Bhandari Science and Technology University, and Damak Industrial Park. Chinese leader He reportedly emphasised the importance of implementing these agreements to further strengthen bilateral relations and expressed a wish to fast-track development projects related to infrastructure, transport, and connectivity. During his visit, Paudel is understood to have delivered a speech at the opening of the forum, where he highlighted the significance of building a sustainable and reliable transport system to enhance connectivity, economic growth, and quality of life. He reportedly stated that efficient transport infrastructure is crucial for a landlocked nation like Nepal, which has made significant strides in road expansion and the promotion of electric vehicles. Paudel is expected to return to Nepal on Saturday, following his six-day trip.

Next Story
Building Material

Ambuja to join alliance for Industry Decarbonisation

Adani Group's Ambuja Cements announced that it had joined the Alliance for Industry Decarbonisation (AFID), a global collective aimed at accelerating the Net Zero transition in line with the Paris Agreement. According to the statement, Ambuja is the first cement manufacturer globally to join AFID, a platform for exchanging insights and experiences among stakeholders in energy-intensive industries. The company revealed its goal of achieving Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). Ambuja has also committed to investing Rs 100 billion in renewable ..

Next Story
Infrastructure Urban

Maharashtra revises stamp duty rates

A cash-strapped Mahayuti government – burdened with spiralling loans, budgetary provisions for populist schemes such as Ladki Bahin, Ladka Bhau and all – has decided to revise stamp duty rates, a move likely to add Rs 20 billion to its kitty. The decision will change stamp duty structure ranging from a small sum such as Rs 100 – which until now, was applicable for the registration of documents – to an unspecified amount, depending on the value of the amount involved in awarding work contracts, amalgamation, restructuring, division and mergers. The state cabinet decision, taken on Monda..

Next Story
Real Estate

MHADA sends 1,200 notices to developers

The Maharashtra Housing and Area Development Authority (MHADA) has issued approximately 1,200 notices to various developers and housing societies in Mumbai as part of its initiative to take control of stalled redevelopment projects on their properties. This move follows an amendment to the Maharashtra Housing and Area Development Act of 1976, which granted MHADA the authority to independently oversee redevelopment on its plots when developers and residents fail to propose any plans for residential building redevelopment, regardless of the reasons for the failure, such as disputes or ongoing li..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000