Finance Minister pleads Japanese assistance for East-West Railway


Kathmandu:  Finance Minister Dr. Yuba Raj Khatiwada Thursday discussed with ambassador of Japan to Nepal Masamichi SAIGO on financial support of Japan in building infrastructure in development effort of Nepal.

At a meeting with Ambassador SAIGO at Finance Ministry today, he reiterated the potential support in building a section of East-West Railway through the soft loan of Japanese EXIM Bank.

During the meeting, the Ambassador and the Minister discussed in detail about the existing and potential Japanese assistance for socio-economic development of Nepal.

Ambassador SAIGO requested to expedite the process for exchange of note to repair, maintain and expand the Sindhuli Bardibas Road that was constructed in Japanese assistance. The road was damaged in some part due to the earthquake of 2015.

Ambassador informed the minister Khatiwada about the investment conference recently held in New Delhi to attract Japanese investment in Nepal and focused that the conference may help the Japanese investors to invest in Nepal.

Dr. Khatiwada appreciated the Government of Japan for its continuous support in the socio-economic development of Nepal.