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India-Nepal review India-funded projects in Oversight Mechanism meeting

India-Nepal review India-funded projects in Oversight Mechanism meeting

Kathmandu: During the ninth meeting of the Nepal-India Oversight Mechanism on Monday, the two countries reviewed the progress made in various India-funded projects in the Himalayan nation.

The meeting reviewed the progress of the projects being implemented under bilateral economic and development cooperation, Nepal's Ministry of Foreign Affairs said in a statement.

Both sides agreed to take necessary measures to address the problems and remove the obstacles in the course of implementation of projects, the statement added.

Discussions were held on the status of implementation of all the ongoing projects, including Terai roads, cross-border railways, Arun-III hydropower project, petroleum products pipelines, Pancheshwar multipurpose project, post-earthquake reconstruction, irrigation, power, and transmission lines, construction of Nepal Police Academy, integrated check-posts, Ramayana circuit, HICDPs, motorable bridges over Mahakali river, agriculture and cultural heritage, among others.

The exercise was carried out under the co-chairmanship of Foreign Secretary of Nepal, Bharat Raj Paudyal, and Ambassador of India to Nepal, Vinay Mohan Kwatrament. Also, It was the first meeting after the formation of the Sher Bahadur Deuba-led government one month ago.

The Nepal-India Oversight mechanism was set up in September 2016 to oversee the implementation of bilateral projects and take necessary steps for their completion in time.

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