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India releases INR 470 million for construction of postal highway to Nepal

Infra News - Published on Fri, 17 Aug 2018

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The Himalayan Times reported that Indian Ambassador to Nepal Mr Manjeev Singh Puri handed over a cheque worth INR 470 million to Secretary at the Ministry of Physical Infrastructure and Transport Madhusudan Adhikari in Singha Durbar. The amount was released to maintain fund liquidity for the ongoing construction of 14 road packages under the Postal Highway Project, stated a press release issued by the Embassy of India.

With this payment, a total of INR 2.35 billion stands released to the Government of Nepal out of the total grant assistance of INR 8.00 billion committed by the Government of India for implementing 14 packages under packages 2-6 of phase I of the Postal Highway Project.

According to the release issued by the Indian Embassy, package 1 of the project comprises two roads - Dhangadi-Bhajaniya-Satti and Lamki-Tikapur-Khakraula. Construction of these two roads have already been completed with the Government of India’s grant assistance worth INR 1.02 billion.

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Posted By : Nanda Koijam on Fri, 17 Aug 2018
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