China grants 500 million RMB for infrastructure development in Nepal (Linked to Project #38351)
Commitment amount
$ 88795454.9
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.
Umbrella project
This project is classified as an "umbrella" project, and is connected to related projects.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Nepal
Sector
Unallocated/unspecified (Code: 998)
Flow type
Grant
Concessional
Yes
Category
Project lifecycle
Description
In 2012, the Chinese Government signed an agreement committed to providing a total of 750 million RMB to the Government of Nepal for unspecified infrastructure projects. This agreement stipulated that China would provide 200 million RMB every year for three years as well as 150 million RMB over the course of the entire three year period. One of these 200 million RMB grants was provided through an Economic and Technical Cooperation Agreement (see Project #38351). This project captures the remaining 550 million RMB.
Number of official sources
2
Number of unofficial sources
5
Details
Cofinanced
No
Receiving agencies [Type]
Government of Nepal [Government Agency]