50 million RMB grant for development projects (Linked to project #42659)
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Other multisector (Code: 430)
On December 20, 2007 China and Nepal signed an agreement for China to provide a grant assistance equivalent to 50 million RMB (428.5 million Rs) for various development projects in Nepal. Projects include the Rasuwagadi-Syafru Besi road, an optical fibre cable connecting Kathmandu and Lhasa, broadening the Khasa-Tatopani Road, and repairing the Miteri Bridge. Rasuwagadi-Syafru Besi road: In September 2009, the construction of the 16km Syabrubensi - Rasuwagadi road began and would cost 20 million USD which will be fully funded by the Chinese government, and in 2012 China and Nepal signed the letter of transfer. In December 2012, construction was completed and the road was officially handed over to Nepal.Kathmandu-Khasa optical fibre cable: In September 2007 China and Nepal signed an agreement to build a 115 kilometer modern optical super-highway linking Kathmandu and Khasa (also known as Zhangmu) in China. In 2008, China handed over the Khasa-Kathmandu optical fibre cable project to Nepal (For details, see project #42659).
The transaction amount seen in this project is the total amount of 50million RMB subtracted by the amount in the optical fibre cable network project, which is USD4 million, roughly equivalent to 24.5 million RMB.
Number of official sources
Number of unofficial sources