Wednesday, December 19, 2007

China to provide loan of Rs 13 billion

The Chinese government is going to provide a loan of Rs 13 billion at concessional interest rate.
“The Chinese government has moved forward with the process of providing the concessional loan,” Nepalese ambassador to China, Tanka Karki told today.
The loan totaling $200 million will be used to build Upper Trishuli hydropower project and other development programmes.

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