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China to extend Tibet rail to India border via Nepal - Report

Infra News - Published on Mon, 17 Sep 2018

Image Source: i-scmp.com
Kathmandu Post quoted Tibet as saying that it would ‘open up’ to private investment in the trade and business sector from 2020 with Beijing seeking to penetrate the massive South Asian market via Nepal. To this end, the northern neighbour plans to extend the Tibet railway to the borders of the heavily populated Indian states of Bihar and Uttar Pradesh and to the world’s eighth most populous country Bangladesh through Nepal. In a bid to increase tourism and trade, the Tibet Autonomous Region of China will establish an industrial development fund to channel more private investment into the sector, and encourage private capital through tax holidays, said Qi Zhala, chairman of the Tibet Autonomous Region, while addressing the fourth China Tibet Tourism and Cultural Expo in Lhasa on September 7.

The railway reached Tibet’s capital Lhasa in 2006, passing spectacular icy peaks on the Tibetan plateau and climbing to altitudes of up to 4,000 metres above sea level. Construction work on the Lhasa-Shigatse extension began in September 2010, and the line opened in August 2014. The second largest Tibetan city of Shigatse is about 540 km from Kerung, the nearest Chinese town from Nepal.

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Posted By : Nanda Koijam on Mon, 17 Sep 2018
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