Japan today pledged to extend an assistance of Rs 1.832 billion to Nepal for implementation of two projects, on part of 60th anniversary celebration of diplomatic relations between the two nations.
According to a statement issued by the Embassy of Japan in Kathmandu, Japanese Ambassador to Nepal Masashi Ogawa and Nepal's Finance Secretary Lok Darshan Regmi signed the agreements, reports the Himalayan Times.
Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara and Japanese State Minister for Foreign Affairs Nobuo Kishi were present on the occasion.
Japan International Cooperation Agency (JICA) Nepal Chief Jun Sakuma and Ministry of Finance Joint-Secretary Baikuntha Aryal also signed the grant agreements for smooth implementation of the projects.
The statement said that Rs 1.518 billion of the grant would be spend for the implementation of the Project for Improvement of Aviation Safety Facilities in Major Airports, with the purpose of improving the safety and efficiency of air transport in Nepal and Rs 313 million would be spent for the implementation of the School Sector Development Programme (SSDP).
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app