KATHMANDU: India is providing a loan assistance of Rs 36.47 billion for the development of roads and bridges in Nepal.

The information was shared at a programme organised at the Ministry of Physical Infrastructure and Transport to exchange a memorandum of understanding to that end here today.

On the occasion, Indian Ambassador to Nepal, Ranjit Rae, and Secretary at the Ministry, Dhan Bahadur Tamang, exchanged the MoU in presence of Minister Ramesh Lekhak and Railway Minister of India, Suresh Prabhakar Prabhu.

Speaking on the occasion, Minister Lekhak said that India provided a significant support in the construction of railway routes and the Postal Highway to Nepal by maintaining mutual relations, harmony and cooperation between the two countries.

Similarly, Indian Railway Minister Prabhu stressed that the both the countries should move ahead by exchanging support and cooperation in the sector of infrastructure development.