China-Nepal News: China and Nepal have agreed to build the so-called Trans-Himalayan Multi-Dimensional Connectivity Network. The Chinese Foreign Ministry said that the agreement was reached after a meeting between the foreign ministers of the two countries. Foreign Minister Wang Yi said that China will fund the feasibility study of the Nepal cross-border railway and send experts to Nepal to conduct the survey.
According to sources, this project will connect Keirong in Tibet with Kathmandu. Earlier in 2018, the China Railway First Survey and Design Institute (CRFSDI) conducted a technical study of the proposed 121 km rail route between Keirong and Kathmandu.
Jinping had signed:
The Trans-Himalayan Multi-Dimensional Connectivity Network is also known as the Trans-Himalayan Network. It is an economic corridor between Nepal and China. Which especially develops connectivity throughout Eurasia.
During his visit to Nepal in 2019, Chinese President Xi Jinping had signed an agreement with Nepal on this corridor. Several transport infrastructure projects will also be included in this corridor. The major infrastructure project is the China-Nepal Railway, which is currently in the study stage.
China will give 15 billion to Nepal:
China has promised a grant-in-aid of Rs 15 billion to Nepal to invest in various projects this year. Nepal’s Foreign Minister Narayan Khadka held extensive talks with his Chinese counterpart Wang Yi to further strengthen bilateral ties, after which China announced assistance to Nepal.
The two foreign ministers discussed the overall aspects of Nepal-China relations. Both countries agreed to promote cooperation in various fields including trade, investment, health, tourism, poverty alleviation and agricultural management. Both sides expressed satisfaction at the progress made in matters of bilateral cooperation since Wang’s official visit to Nepal in March this year.
Wang also announced 3 million RMB worth of disaster relief materials as requested by Nepal. China promised to provide corona vaccines and related medical aid to the Himalayan nation.
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source https://spotlight7.com/world/china-nepal-china-and-nepal-agree-to-build-trans-himalayan-network/
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