Nepal PM Oli set to visit China next month
OIL & GAS

Nepal PM Oli set to visit China next month

Nepali Prime Minister KP Sharma Oli is slated to visit China in November, as confirmed by officials from the Prime Minister's Office (PMO) and the Foreign Ministry. This visit follows his recent completion of 100 days in office, during which he has instructed officials to update him on the status of Chinese projects in Nepal, particularly those related to the Belt and Road Initiative (BRI).

A Foreign Ministry official, speaking on the condition of anonymity, stated, “The Foreign Ministry has been directed to report on the progress of the BRI and other agreements between Nepal and China. This briefing will occur within the week, and preparations for the Prime Minister's visit have also begun.”

Despite the signing of the BRI agreement in 2017, details of the deal remain largely undisclosed by both parties. Chinese Ambassador to Nepal, Chen Song, has indicated that projects such as the second phase of the Ring Road, the Hilsa-Simikot Road, the fourth phase of the Araniko Highway, and the Integrated Check Post in Korala, Mustang, are progressing under the BRI framework.

In addition to BRI discussions, Prime Minister Oli is expected to address topics related to energy and trade during his visit, leading a delegation to China in the third week of November.

Oli, who leads the CPN-UML party, assumed office for the fourth time in July after forming an alliance with the Nepali Congress, the largest party in parliament. Following his inauguration, he attended the United Nations General Assembly (UNGA) in September, where he met with various state and government leaders, including Indian Prime Minister Narendra Modi. (ET)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Nepali Prime Minister KP Sharma Oli is slated to visit China in November, as confirmed by officials from the Prime Minister's Office (PMO) and the Foreign Ministry. This visit follows his recent completion of 100 days in office, during which he has instructed officials to update him on the status of Chinese projects in Nepal, particularly those related to the Belt and Road Initiative (BRI). A Foreign Ministry official, speaking on the condition of anonymity, stated, “The Foreign Ministry has been directed to report on the progress of the BRI and other agreements between Nepal and China. This briefing will occur within the week, and preparations for the Prime Minister's visit have also begun.” Despite the signing of the BRI agreement in 2017, details of the deal remain largely undisclosed by both parties. Chinese Ambassador to Nepal, Chen Song, has indicated that projects such as the second phase of the Ring Road, the Hilsa-Simikot Road, the fourth phase of the Araniko Highway, and the Integrated Check Post in Korala, Mustang, are progressing under the BRI framework. In addition to BRI discussions, Prime Minister Oli is expected to address topics related to energy and trade during his visit, leading a delegation to China in the third week of November. Oli, who leads the CPN-UML party, assumed office for the fourth time in July after forming an alliance with the Nepali Congress, the largest party in parliament. Following his inauguration, he attended the United Nations General Assembly (UNGA) in September, where he met with various state and government leaders, including Indian Prime Minister Narendra Modi. (ET)

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement