Nepal & China accelerate pending projects under BRI

13 Jul 2023 CW Team

It was reported that both parties discussed the progress in implementing various programs and projects announced by the Chinese government. They emphasised the need to expedite the preparatory work on both sides to accelerate major connectivity projects in accordance with the commitments previously agreed upon. The meeting, which took place in Beijing, involved comprehensive discussions regarding the pending tasks to be carried out by the governments of Nepal and China.

China has been actively investing in numerous infrastructure projects in Nepal to foster closer cooperation between the two neighbouring countries. It is expected that Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' will visit China in September.

Nepal's Foreign Minister N P Saud provided an update on the Belt and Road Initiative (BRI) agreement signed between Nepal and China, stating that it has not been implemented yet but discussions are underway for its implementation.

On May 12, 2017, Nepal and China signed a memorandum of understanding on One Belt One Road, later known as the Belt and Road Initiative (BRI). The agreement aims to facilitate transit transport, logistics, transport network security, and related infrastructure development through joint study. It also seeks to promote cross-border projects including railway, road, civil aviation, power grid, and information and communication.

Also read:
Kerala coastal highway sparks protests over displacement
Police demand toll plazas be removed on Ajmer-Jaipur

An agreement had been reached between Nepal and China to expedite the completion of pending projects previously announced by the Chinese government in 2018 and 2019 under the controversial Belt and Road Initiative. The purpose of this initiative was to enhance infrastructure in Nepal, which is a landlocked Himalayan nation. During a meeting between Dr Min Bahadur Shrestha, the vice chairman of Nepal's National Planning Commission (NPC), and Chong Liang, the vice chairman of the Chinese government's National Development and Reform Commission (NDRC), which is responsible for overseeing the implementation of the Belt and Road Initiative (BRI), the agreement was made. It was reported that both parties discussed the progress in implementing various programs and projects announced by the Chinese government. They emphasised the need to expedite the preparatory work on both sides to accelerate major connectivity projects in accordance with the commitments previously agreed upon. The meeting, which took place in Beijing, involved comprehensive discussions regarding the pending tasks to be carried out by the governments of Nepal and China. China has been actively investing in numerous infrastructure projects in Nepal to foster closer cooperation between the two neighbouring countries. It is expected that Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' will visit China in September. Nepal's Foreign Minister N P Saud provided an update on the Belt and Road Initiative (BRI) agreement signed between Nepal and China, stating that it has not been implemented yet but discussions are underway for its implementation. On May 12, 2017, Nepal and China signed a memorandum of understanding on One Belt One Road, later known as the Belt and Road Initiative (BRI). The agreement aims to facilitate transit transport, logistics, transport network security, and related infrastructure development through joint study. It also seeks to promote cross-border projects including railway, road, civil aviation, power grid, and information and communication. Also read: Kerala coastal highway sparks protests over displacement Police demand toll plazas be removed on Ajmer-Jaipur

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Real Estate

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Real Estate

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..