Japan extends grant assistance of Rs 1.83 billion to Nepal
KATHMANDU: The Japanese government on Wednesday pledged to extend a grant assistance of Rs 1.832 billion to Nepal for implementation of two projects.
The grant was announced in celebration of the 60th anniversary of the establishment of diplomatic relations between Japan and Nepal, according to a statement issued by the Embassy of Japan in Kathmandu.
Japanese Ambassador to Nepal Masashi Ogawa and Finance Secretary Lok Darshan Regmi signed the agreements to this effect today.
Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara and Japanese State Minister for Foregin Affairs Nobuo Kishi were present on the occasion.
At the same function, JICA Nepal Chief Jun Sakuma and Ministry of Finance Joint-Secretary Baikuntha Aryal also signed the grant agreements for smooth implementation of the projects.
The statement informed that Rs 1.518 billion of the grant would be spent for the implementation of the Project for Improvement of Aviation Safety Facilities in Major Airports, with the purpose of improving the safety and efficiency of air transport in Nepal.
“As a result of this project, aviation safety will be significantly enhanced at the eight selected airports.”
Likewise, Rs 313 million would be spent for the implementation of the School Sector Development Programme (SSDP).
Source: Himalayan times