China announces 800 million RMB to Nepal for 2022

KATHMANDU: Minister for Foreign Affairs Dr. Narayan Khadka and State Councilor and Minister of Foreign Affairs of the People’s Republic of China Wang Yi held bilateral talks leading their respective delegations in Qingdao, China this evening. Minister for Foreign Affairs Dr. Khadka is on an official visit to China at the invitation of State Councilor and Minister of Foreign Affairs of China Wang Yi.

The two Foreign Ministers took stock of overall aspects of Nepal-China relations and cooperation and agreed to promote further cooperation in various sectors including trade,connectivity, investment, health, tourism, poverty alleviation, agriculture, disaster management, education, culture, and people-to-people exchanges, among others. Both sides expressed satisfaction over the progress made in a range of matters of bilateral cooperation since the official visit of the State Councilor to Nepal in March, 2022.

During the meeting, Minister for Foreign Affairs Dr. Khadka reiterated Nepal’s unwavering commitment to OneChina Policy and assured that the Nepali territory will not be allowed to be used for any activity against China. On the other hand, State Councilor and Minister ofForeign Affairs Wang Yi reiterated China’s continued and unconditional support to Nepal’s sovereignty, independence and territorial integrity and assured to support in Nepal’s development endeavors as per the priority of the Government of Nepal.

The two Foreign Ministers expressed their commitment for the timely implementation of the agreements signed and understandings reached during high-level visits in the past. They agreed to expedite the implementation of China-assisted projects in Nepal. On this, the Chinese side assured the Nepali delegation that China will soon start the construction works of the second phase of Kathmandu Ring Road Improvement Project. The State Councilor and Minister of Foreign Affairs of China also announcedthat China will carry out the feasibility study of Keyrung-Kathmandu Railway under the grant assistance. He also assured support for pre-feasibility study of Nepal-China cross border transmission line as agreed during his official visit to Nepal in March 2022.

On the occasion, State Councilor Wang Yi announced to provide 800 million RMB to Nepal for the year 2022.