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 Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Infrastructure Transport

15 Sep 2025

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Real Estate

15 Sep 2025

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..