Shri Budhanilkantha Temple is situated 10 km north of Kathmandu.
Mathadhis building is a place where the priests of the temple stay.
A Memorandum of Understanding (MoU) under the Nepal-India Economic Cooperation Programme was signed between the Embassy of India, District Development Committee and Shri Budhanilkantha Narayan Area Management Committee for the project, an Indian Embassy statement said.
Budhanilkantha, a Vishnu temple has great religious and cultural significance for Hindus all over the world and thousands of pilgrims apart from tourists from India and elsewhere in the world visit the temple daily, it added.
The new Mathadhis building being constructed with Indian assistance will significantly upgrade the infrastructure and facilities at the temple, the statement said.
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