Share this Twitter Myspace Digg Del.icio.us Slashdot Furl Yahoo Googlize this Blinklist Facebook Wikio Export PDF Print E-mail

The Chinese government has vowed to provide a soft loan of Rs. 14.97 billion (US$200 million) to Nepal for hydropower project and infrastructure development.

Of the total loan, US$ 120 million will be channelised for the 61-MW Upper Trishuli-A hydropower project in Nuwakot district, it is said.

According to the Finance Ministry, the remaining US$ 80 million could be used to reconstruct the Pokhara Airport.

Finance secretary Rameshwor Prasad Khanal and Exim Bank Vice President Li Jun signed a memorandum of understanding (MoU) to this effect at the Finance Ministry on Wednesday.

China pledged the loan in an annual 1.75 percent interest rate. This is said to be the lowest interest rate the Chinese bank has provided to Nepal as the bank has 2 percent rate in minimum. nepalnews.com

Readers are kindly requested to avoid using offensive language and also refrain from issuing threats to others.

View Comments	Search
As postings are shown online immediately, please be warned of offensive comments

Naya_Nepal  - Jai Nepal-China friendship.   |174.70.47.xxx |2009-11-06 05:32:53 Jai Nepal-China friendship. But we have to make sure that bahun-chettri leaders do not pocket this money as usual. This time we have to make sure that this loan is used effectively. bikky  - china should stop playing game   |24.21.52.xxx |2009-11-06 04:47:18 world knows what chiness leader are and where they stand, chiness without self interest will not do anything for nepal, its in china's interest, they are taking nepali land in part of our country, these politicians of nepal are all B.S, just think what if moist is back again in gov, thats all china needs in nepal Pratap Rai  - Do Not give Loan or money but build it   |70.72.23.xxx |2009-11-05 22:46:22 Foreign countries MUST STOP to give any loan or any monetry help to Nepal because these loan money dissapear into Government corrupted officials and national criminals' personal pocket. Like Sujata and Sher bahadur etc. Foreign countries must bring complete project plan from top to bottom and build it for Nepal and hand over to Nepal. So there will be at least something visible and physically utilizable or valuable. Biswas Magar  - DOn't NEED YOUR HELP   |166.137.134.xxx |2009-11-05 16:33:05 As I said below that we dont need Chinese money as a loan . My friend Madan ji ... You r right and wrong too. You are wrong cause I'm not the product of beggar's schooling. Even if I'm beggars there is no problem . I can live happy.... When I'm dying ... I will die happyly ... But if I take loan .... Whole life I have to pay that interest , even after , we have to pay .... Oh god ! I still remeber in village or even in city also... Those rich thakur .... Jar saheb .... Jamindar they give loan to poor people ... Later they (poor people ) can't give Back ...they rich man took his home land everything . Give you some example : Mexico get loan from US goverment ... Later they can't pay back . Later maxico lose there land (Texas and some other land too) . So finally what I'm saying is we don't want Lost our Land. 2nd thing u r right mr. Madan ji that Why not, we say that we will develop our nation with our own effort & ... Tamang Ganga  - WE ARE COUNTRYLESS   |221.24.170.xxx |2009-11-05 08:51:41 MR/MS True Nepali China giving loan to Nepal because Nepal gave Northern part of Mt Everest. loan is not free of interest. if nepal can not pay interest China compormise on another white Pick. Better we start saying, we are country less people, now. True nepali   |113.28.24.xxx |2009-11-05 05:57:39 When will Nepal goona pay back that loan? I worry if Nepal can pay back its annual interest back to China. Great lum sum of money for politicians to transfer into their saving account or their family memebers a/c respectively and rest remaining amt for development.Great.I cannot bear that loan on mybehalf, how can I. dhan bdr phal  - my friend   |202.70.77.xxx |2009-11-05 05:44:33 my friend is honest my friend hire colear is black face is over face my Madan  - Magne lai Tato Bhat   |202.52.237.xxx |2009-11-05 05:33:12 Below comment seems, is the product of beggar's schooling. Beggars always think of begging more and alway does arithmetic of how much he has earned. I remember a saying “ Magne lai tato Bhat”. Why not, we say that we will develop our nation with our own effort & resource. Mind it, it is possible. What we lack is the will & vision of our rulers. After all they are the product of same school. Biwas Thapa  - Don't need ur help   |166.137.135.xxx |2009-11-05 03:39:34 CHINA IS GIVING A LOAN 200 million dollars . SO WHAT ... IT iS NOT A BiG DEAL . IF CHINA REALLY WANTS TO HELP ... WHY THEY NOT GIVING AID . WHY THE LOAN IN ANNUAL 1.7 PERCENT INTEREST RATE. CHINA IS TAKING ADVANTAGE FROM US. YOU KNOW ,THEY CHARGING ANNUAL INTEREST IS 3.5 MILLION DOLLAR (25 CAROR NEPALI RS.) ACTuALLY THEY ARE NOT HELPING . LOOK AT TRADE BETWEEN CHINA aND NEPAL : Annual Nepal-China trade stands at Rs. 26 billion, with the balance strongly in FAVOUR OF CHINA.  China last year exported goods worth Rs. 24 BILLION to Nepal while Nepal exported goods worth Rs. 1.9 BILLIOn. SO WE NEPALI DONT NEED YOUR LOAN . IF ThEY REALLY WANTS TO HELP THEN ... THOSE MONEY SHOULD GiVE US AS A AID. OTHeRWISe wE dOn't WANT YOUR ( CIHINA) MONeY . Take it back . PLEASE, NEATA HO NA LIW CHINA BA TA SAPAT . CHAHEN DAI NA HAMI LAI. Kiran  - Lets make International Airport at Pokhara   |219.8.135.xxx |2009-11-05 02:37:01 The condition of Nepal in South Asia is shamefull. There is only one International Airport TIA in Nepal. For the promotion of Tourism Industries, why our governments do not initiate to make International Airport at Pokhara? The land has been already available for this purpose. But why our successive governments shake their legs for development work? Powered by !JoomlaComment 3.26

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."