KATHMANDU, April 12: Nepal and India have agreed to expedite the process to ensure early completion of all bilateral economic and development cooperation projects by providing required facilities and addressing the difficulties that may surface in the phase of implementation.
According to a press statement issued by the Ministry of Foreign Affairs (MoFA), the 3rd Meeting of the Nepal-India Oversight Mechanism, co-chaired by foreign secretary Shanker Das Bairagi and Indian ambassador to Nepal Manjeev Singh Puri, in Kathmandu on Wednesday reached this agreement.
The statement said that the meeting did a comprehensive review of the progress made in economic and development cooperation projects between Nepal and India, in particular since the 2nd meeting held on January 30, 2017. “The two sides covered specific issues relating to cross border rail projects, Integrated Check Posts, cross-border transmission lines, Arun III and Upper Karnali Hydropower projects, Pancheshwar Multipurpose Project, Postal roads, Lines of Credit projects and reconstruction projects, among others,” it said.
The Nepal-India Oversight Mechanism was set up as agreed during the state visit by Prime Minister Pushpa Kamal Dahal in September 2016 in order to take measures to ensure that all ongoing bilateral economic and development projects are implemented within on time. The 4th Meeting of the Oversight Mechanism will be held in Kathmandu in mid-June 2017.