Kathmandu, July 6

The fourth meeting of Nepal-India Oversight Mechanism was held in Kathmandu today.

During the meeting, a comprehensive review was made of the progress in the implementation of bilateral economic and development cooperation projects since the third meeting of the mechanism held on 12 April 2017, according to a press release issued by Nepal’s Ministry of Foreign Affairs.

Specific issues relating to the cross border rail projects, integrated check posts, cross-border transmission lines, Upper Karnali and Arun III Hydropower projects, Pancheshwar Multipurpose Project, postal roads, Exim Bank lines of credit projects and reconstruction projects were covered during the meeting.

While reiterating their commitment to the early completion of all bilateral economic and development cooperation projects within specified the timeframe, both sides agreed to provide required facilities and resolve difficulties in an expeditious manner, the release stated.

Co-chaired by Foreign Secretary Shanker Das Bairagi and Ambassador of India to Nepal Manjeev Singh Puri, the meeting was attended by senior officials from the two countries as well as representatives of developers/contractors of various economic and development cooperation projects.

Nepal-India Oversight Mechanism was set up as agreed during the state visit to India by the prime minister of Nepal in September 2016 in order to take measures to ensure that all ongoing bilateral economic and development projects are implemented within defined timeline.

The fifth meeting of the mechanism will take place in Kathmandu in near future on a mutually convenient date.