China has accepted a proposal from Nepal to invest in mega projects in the Himalayan country under the Belt and Road initiative to link its border areas with road and railway networks, a media report said on Wednesday.
Nepal’s Transport Minister Ramesh lekhak, who is on a visit to China, had proposed to his Chinese counterpart li Xiaopeng that they work to link Nepal’s border areas with road and railway networks, The Kathmandu Post reported.
li accepted the proposal to investment and extend support in mega projects in Nepal, the report said, citing lekhak’s personal secretary Janak Bhatta. During their meeting, li said that a new step has started in Nepal’s economic development after its participation in the ambitious One Belt, One Road initiative, that aims to link China with European and African markets through Asia.
The two countries have named Nepali Ambassador to China leelamani Paudyal and the general manager of International Department of China’s transport ministry as the focal persons for facilitating Chinese investment in mega projects.