China agrees to provide nearly 4 billion for different projects in Nepal

KATHMANDU: The Government of the People´s Republic of China has agreed to provide a grant assistance of approximately Rs. 3 billion 6 million [200 million RMB] to Nepal for the construction of the National Armed Police Force Academy.

Similarly, China has agreed to provide logistics materials of office supplies worth Rs. 154.1 million for the Constituent Assembly election.

Two separate letters of exchange to this effect were signed on Tuesday in the presence of Chairman of the Interim Election Council of Ministers, Khil Raj Regmi and the visiting State Councilor of the People´s Republic of China, Yang Jiechi.

The Agreement and the Letters of Exchange were signed by Finance Secretary Shantaraj Subedi and and Jiang Zengwei, Vice Minister, Ministry of Commerce , Government of People´s Republic of China, respectively.

Ther Government of Nepal has expressed its sincere appreciation to the Government of China for this assistance and also for its continued support in the socio-economic development of Nepal.