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Overview

Chinese Government provides RMB 1 billion grant -- via ETCA -- for Kodari Highway Upgrading and Rasuwa Bridge Construction Project

Commitments (Constant USD, 2023)$157,474,631
Commitment Year•2017Country of Activity•NepalDirect Recipient Country of Incorporation•NepalSector•Transport And StorageFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 16, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Nepal

Implementing agencies

Government Agencies

  • Government of Nepal

Loan desecription

Chinese Government provides RMB 1 billion grant -- via ETCA -- for Kodari Highway Upgrading and Rasuwa Bridge Construction Project

Narrative

Full Description

Project narrative

On August 16, 2017, the Vice Premier of the State Council of the PRC Wang Yang, who represents the Chinese Government and the Government of Nepal signed an Economic and Technical Cooperation Agreement (ETCA), which committed RMB 1 billion RMB of grant funding for the reconstruction of Kodari Highway and construction of a bridge in Rasuwa. This project also involves the establishment of hydropower projects and transmission lines for connectivity.