Japan extends one billion grant assistance to Nepal

Published On: May 25, 2020 03:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 25: Japan has extended grant assistance of up to one billion, one hundred and seventy million Japanese Yen (¥1,170,000,000), equivalent to 1,319.9 million Nepali rupees to Nepal for the Development of Digital Elevation Model and Orthophoto.

SAIGO Masamichi, Ambassador of Japan to Nepal, and Sishir Kumar Dhungana, Secretary of Nepal's Ministry of Finance signed notes to this effect at the Ministry of Finance on Monday, according to a press release issued by the Japanese Embassy in Kathmandu.

Another set of grant agreements for implementing the program was signed by ASAKUMA Yumiko, the Chief Representative of JICA Nepal, and Shreekrishna Nepal, Joint Secretary, the International Economic Cooperation and Coordination Division of the Ministry of Finance.

"The Government of Japan will cooperate with the Government of Nepal as much as possible to enable Nepal to become a disaster-resilient country. The digital elevation model and orthophoto to be developed under the program is expected to contribute towards flood-risk reduction, especially through non-structural measures. Both the digital elevation model and the orthophoto enables the preparation of high precision hazard maps, which can identify inundation prone zones in order to assist the preparation of practical evacuation plans," the embassy said in its press release.

The Embassy of Japan is confident that the objectives envisaged by the project will be achieved, and contribute towards further strengthening the relationship, friendship and cooperation between the peoples of Japan and Nepal, it said.


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