Nepal-India meet reviews progress of projects

India and Nepal have reviewed the progress made in economic and development corporation projects, including cross border railways, integrated check posts and cross-border transmission lines, between the two countries.
The second meeting of the 'Nepal-India Oversight Mechanism' yesterday was jointly led by Foreign Secretary Shanker Das Bairagi and Ambassador of India to Nepal Ranjit Rae.
A comprehensive review of the progress achieved in economic and development corporation projects between Nepal and India since the first meeting that was held in Kathmandu on November 29, 2016.
Besides discussing issues relating to cross border rail projects, integrated check posts, cross-border transmission lines, Arun III and upper Karnali Hydropower projects, Pancheshwar Multipurpose Project, postal roads, Line of Credit projects and reconstruction projects, the meeting covered other pertinent matters, according to a statement issued by Ministry of Foreign Affairs here.

"During the meeting both sides expressed satisfaction on the substantive progress made since the firstmeeting of the Mechanism," the statement said.
"While stressing on the importance of expeditious completion of all ongoing bilateral projects in time, the two sides agreed on further measures to be undertaken in the coming days and months for their effective implementation," the statement said.
The 'Nepal-India Oversight Mechanism' set up during Prime Minister Prachanda's state visit to India in September last year in a bid to take measures to ensure that all ongoing bilateral economic and development projects are implemented within defined timeline.
The third meeting of the Oversight Mechanism will be held in the last of week of March 2017 in Kathmandu.