Kathmandu: The Chinese government is to provide Rs 11 billion in grants for the implementation of the Ring Road Expansion (Second Phase). According to the Ministry of Physical Infrastructure, Transport and Urban Development, the agreement on cooperation was signed today at the ministry by Sunil Lamsal, Minister of Physical Infrastructure, Transport and Urban Development, and Zhang Maoming, Ambassador of China to Nepal. In line with the agreement, the Ring Road will now be extended from Kalanki to Basundhara. In the first phase, it has been extended from Koteshwor to Kalanki.
On that occasion, Minister Lamsal said that no problems would be allowed in project implementation and, if any arose, immediate facilitation would be provided to resolve them.
He mentioned that the construction of roads connecting the north and south is a government priority and expressed confidence that China will further increase its investment in the country’s infrastructure development. Ambassador Zhang stated that many Chinese investors are willing to come here if an environment conducive for investment is created.
(RSS)
