KATHMANDU: The Government of Japan has agreed to provide a grant assistance of Rs 907 million to Nepal for the implementation of Tribhuvan International Airport Modernization Project.
A memorandum of understanding to enhance the flights safety and airport capacity of TIA by improving reliability, efficiency and coverage of existing Radar Surveillance System was signed between both the countries.
Secretary at the Ministry of Finance Shanta Raj Subedi and Japanese Ambassador to Nepal Kunio Hakahasi signed the Exchange of Notes of this agreement.
Similarly, Madhu Kumar Marasini Joint-Secretary at the Ministry and Tsutomu Shimizu Chief Representative of JICA, Nepal, signed the agreement.
During the program, Subedi said there would be great contribution in regulation and security of the airport in air services from the assistance.
Likewise, Japanese Ambassador to Nepal Takahasi expressed belief that there would be reformed in air services of Nepal.