Nepalmountainnews Report | 17 Jul 2008
The government of Japan has agreed to provide Rs 1.77 billion in grants for improvement of the Kathmandu-Bhaktapur road.
Japanese Ambassador to Nepal, Tatsuo Mizuno, and Secretary of the Ministry of Finance, Rameshore Prasad Khanal, signed the agreement to this effect and exchanged notes on behalf of their respective governments, in Kathmandu, on Thursday. Finance Minister Dr Ram Saran Mahat and visiting Japanese Deputy Foreign Minister Osamu Uno were also present at the signing ceremony.
The Japanese grant will be used to procure equipment and services necessary for implementation of the project. Approximately 9.1km segment of the Kathmandu-Bhaktapur Road section of the Araniko Highway will be upgraded by expanding the existing two-lane road to four-lanes.
The Project will also take into consideration advanced traffic engineering so as to enable smooth traffic movement as well as protect commuters from traffic accidents, a statement issued by the Japanese embassy said.
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