Nepal | August 12, 2020

China to back infrastructure projects

Lekhanath Pandey
Share Now:
Nepal-China bilateral talks

Nepal’s Deputy Prime Minister and Minister for Foreign Minister Kamal Thapa and his Chinese counterpart Wang Yi taking part in bilateral meeting between Nepal and China in Beijing, China on Friday, December 25. Photo: China’s Ministry of Foreign Affairs

Kathmandu, March 23

China today called Nepal’s new constitution a ‘historic progress’ in its political transition and encouraged Nepal to utilise the opportunity to cement stability and achieve economic progress.

China stated this in a 15-point joint statement issued today before Prime Minister KP Sharma Oli left Beijing for Xi’an of Shanxi province, from where he would head to Hainan to attend the Boao Forum for Asia Annual Conference on Thursday.

During the visit, Nepali side reiterated one China policy and underscored it won’t allow any forces to use Nepali territory for any anti-China or separatist activities, according to the communiqué.

Chinese side said it firmly supported and respected Nepal’s ‘choice of social system and development path”, and efforts towards upholding its sovereignty, independence, territorial integrity, national unity and stability.

The two sides agreed on a number of far-sighted development and infrastructure projects that include constructing cross-border railways to transmission lines.

“Both sides exchanged views on facilitating Chinese investment in key areas, including infrastructure, by encouraging Chinese investment in Nepal.”

They are ready to start a joint feasibility study on China-Nepal Free Trade Agreement and conclude the study at an early date and direct competent authorities to immediately start negotiation to develop a protocol towards implementing the Agreement on Transit Transport.

Former ambassador of Nepal to China Tanka Karki told The Himalayan Times, “These agreements and understanding could reverse Nepal’s stagnation and lead to development and economic progress.”

China assured Nepal of utilising its previously pledged RMB 3 billion post-earthquake grant assistance on 25 key projects in areas covering infrastructure development, recovery of people’s livelihood in quake-stricken areas as well as repair of cultural and historic sites in Nepal.

The northern neighbour would also provide over 32,000 sets of household solar-power system and carry out Rain Water Harvesting Project in Nepal.

According to the statement, the two sides also agreed to conclude a commercial deal on the supply of petroleum products from China to Nepal.

In this context, they encouraged companies to speed up negotiations and concerned agencies to study providing supporting policies on issues of pricing, taxation, transportation, quality control and customs and frontier formalities.

China also agreed to build oil storage facilities for Nepal, and send experts to carry out feasibility study on oil and gas resources research in Nepal.

The two countries also decided to establish a dialogue mechanism on energy cooperation.

A version of this article appears in print on March 24, 2016 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Trump abruptly escorted from briefing after shooting near WH

WASHINGTON: President Donald Trump was abruptly escorted by a US Secret Service agent out of the White House briefing room as he was beginning a coronavirus briefing Monday afternoon. He returned minutes later, saying there had been a “shooting” outside the White House that was “under control. Read More...

Digitised interventions for social inclusion: Adapting to the unwelcomed crisis

Last year, two world-class wheelchair basketball coaches visited Nepal to conduct an intensive sports training aimed at raising the level of sports in the country. The training brought together more than 40 female and male wheelchair basketball players in Kathmandu - athletes and citizens living wit Read More...

Balkhu jeep, leaving kathmandu

Public transportation sector most affected by lockdown: Transport Entrepreneurs

KATHMANDU: The plan to allow resumption of long-distance public transportation from August 17 across the country has again been cancelled. The Cabinet meeting held on Monday decided to resume flight operations from September 1 citing worsening situation due to surge in the number of COVID-19 case Read More...

Kathmandu University, KU

Kathmandu University closed for 15 days from today

KATHMANDU: The Dhulikhel-based Kathmandu University (KU) has decided to shut down for the next 15 days starting today, owing to the growing risk of coronavirus infection. Issuing a notice on Monday, University registrar Prof Dr Subodh Sharma said all services (except most essential services Read More...

ICC Cricket World Cup Semi Final - India v New Zealand

New Zealand promises bumper international summer schedule

WELLINGTON: West Indies, Pakistan, Australia and Bangladesh have all confirmed they will tour New Zealand during the southern hemisphere summer, New Zealand Cricket (NZC) chief executive David White said on Tuesday. Under the International Cricket Council's Future Tours Programme, West Indies Read More...

Coronavirus , vaccines, vaccines trails

Russia becomes first country to approve a COVID-19 vaccine, says Putin

Russia approves a vaccine before other countries Putin says own daughter was vaccinated Says he hopes mass production will start soon Experts have raised safety concerns MOSCOW: Russian President Vladimir Putin said on Tuesday that Russia had become the first country in the world t Read More...

CIAA Chief Commissioner tests positive for Covid-19

KATHMANDU: Chief Commissioner at Commission for Investigation for Abuse of Authority (CIAA) Navin Kumar Ghimire has contracted coronavirus infection. He had submitted his swab specimen for testing on Sunday, the results for which came out positive, a source confirmed.s Samples had been drawn f Read More...

Highest daily-cases reported since easing of lockdown in Nepal, Covid-19 tally reaches 23,948

KATHMANDU: The Health Ministry on Tuesday informed that 638 new cases of coronavirus-infection have been registered in the last 24 hours. With this, Nepal's Covid-19 tally has reached 23,948 today. Among the new cases, 134 have been reported from within Kathmandu Valley. Meanwhile, 171 people Read More...