India injects NPR 470-mn in Postal Highway

The Indian Government recently released an additional NPR 470 million for the Postal Highway being constructed in Southern Plains of Nepal. The amount has been released to maintain fund liquidity for the ongoing construction of 14 road packages under Postal Highway Project. With this payment, a total of NPR 2.35 billion stands released to the Government of Nepal out of the total grant assistance of NPR 8.00 billion committed by the Government of India for implementing 14 packages under Packages 2-6 of Phase I of the Postal Highway Project. The highway was inaugurated on January 19 last year. Indian Ambassador to Nepal Manjeev Singh Puri handed over a cheque to the Secretary of Nepal's Minister for Physical Infrastructure and Transport Madhusudan Adhikari. It is worth mentioning here that the Government of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various highways, roads, bridges, airports, as part of its multi-sector and multi-dimensional India-Nepal Economic Cooperation Program.