FM Mahat assures to seek Chinese assistance for Tokha-Chhahare tunnel project « Khabarhub
Sunday, July 21st, 2024

FM Mahat assures to seek Chinese assistance for Tokha-Chhahare tunnel project


09 September 2023  

Time taken to read : 2 Minute


  • A
  • A
  • A

TRISHULI, NUWAKOT: Finance Minister Dr. Prakash Sharan Mahat has assured of the government’s commitment to secure Chinese cooperation for the construction of a tunnel connecting Tokha of Kathmandu to Chhahare in Nuwakot.

In his address to a program organized by the Nepali Congress, Nuwakot at Bidur on Saturday, the Minister said that the project was of high significance in terms of bilateral trade as it contributes to boosting Nepal-China trade relations.

As he said, the government has made up the mind to propose the Chinese side to invest in the project during the upcoming China visit of Prime Minister Pushpa Kamal Dahal ‘Prachanda’.

“The Finance Ministry has prioritized the agenda of seeking Chinese support in the construction of the Tokha- Chhahare tunnel way during the Prime Minister’s visit. The project is estimated to cost around 50 billion rupees and in the current fiscal year, the government has allocated one billion rupees. We have been preparing to propose China for cooperation to complete the project,” he said.

Nuwakot serves as the shortest route for traveling along the Kathmandu-Rasuwagadhi, one of the major trade and transit routes between Nepal and China, according to Finance Minister Mahat who said the project could potentially reduce transportation costs for bilateral trade by up to fifty percent.

The Finance Minister also hoped to receive a positive response from the Chinese side for the cooperation proposal.

RSS

Publish Date : 09 September 2023 21:56 PM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

National Assembly Vice-Chair departs for China

KATHMANDU: Vice Chair of the National Assembly, Bimala Ghimire, departed

Minister Bhattarai urges universities to connect research with communities

PATAN: Minister for Education, Science, and Technology, Bidya Bhattarai, has

Monsoon-induced casualties rise to 128 in Nepal

KATHMANDU, July 20: A total of 128 people have died

UML directs lawmakers to vote against Bagmati Chief Minister Jamakattel

KATHMANDU: The Chief Minister of Bagmati Province, Shalikram Jamakattel, is