Japan extends Rs 610 million support for 7 dev projects in Nepal
KATHMANDU: The Japan government on Wednesday announced a financial assistance of Rs 610 million for implementation of seven development projects in Nepal.
The assistance was made upon a request made by the Nepal government, the Kathmandu-based Embassy of Japan informed in a statement today.
S.No.
Name of Project
Amount (NRs.)
1
Conservation of Panchmukhi Hanuman Angamchhen, main façade of Durbar (Hanumandhoka) and Degutaleju Temple of Patan
330,000,000
2
Irrigation system maintenance projects
150,000,000
3
Construction of warehouse
30,000,000
4
Establishment of a NTFP/MAPs processing plant in the northern part of Sindhupalchok District
25,000,000
5
Establishment of a wood seasoning and treatment plant in Panchkhal
25,000,000
6
Karnali Academy of Health Sciences, Jumla (procurement of equipment)
20,000,000
7
Health service strengthening program
30,000,000
Total
610,000,000
The support is a part of the Japanese government's Counterpart Fund, according to the Embassy.
"The Counterpart Fund was established through the financial assistance extended by the Government of Japan under Food Aid (KR)," the statement read, "The Government of Nepal has procured rice through this assistance and sold it in the domestic market. The amount collected from selling the rice was deposited as a Counterpart Fund."