Monday, February 20, 2017

Indian Railway Minister Prabhu arrives in Kathmandu

Kathmandu, Feb. 18:
Indian Railways Minister Suresh Prabhakar Prabhu arrived Kathmandu on Saturday to participate in the Nepal Infrastructure Summit 2017.
He will participate in the summit as the guest of honour and deliver a keynote speech at the opening ceremony of the summit.
The two-day Summit is scheduled to begin on Sunday and will be inaugurated by Prime Minister Pushpa Kamal Dahal Prachanda.
It is being organised by the Confederation of Nepalese Industries in association with the government and Youth Community for Nepalese Contractors (YCNC).
Minister Prabhu was welcomed at the Tribhuvan International Airport by CNI President Hari Bhakta Sharma and secretary of the Ministry of Physical Infrastructure and Transport Bishnu Om Bade Shrestha.
 “His three-day visit will be a good opportunity for sharing ideas and experiences of Indian model of infrastructure development where involvement of private sector has become one of the key drivers in accelerating steady rate of economic growth,” said Sharma.
The government is currently working on six major railway projects: Mechi-Mahakali Railway, Cross Border Connectivity Railway at five different points, Kathmandu-Pokhara-Lumbini Electric Railway, Rasuwagadhi-Kathmandu Railway, Kathmandu-Birgunj Electrified Railway and Kathmandu Valley Metro Rail.
Cross border railway line will connect Nepalgunj, Bhairahawa, Janakpur, Biratnagar and Kakarbhitta to the Indian Railway lines across the Nepal-India border.
A Memorandum of Understanding (MoU) was signed between Nepal and India in 2011 during the visit of then President Dr. Ram Baran Yadav to India.
Likewise, discussions are underway to develop sky railway in the Kathmandu Valley.
According to a press statement issued by the CNI, Prabhu said that the summit would be pivotal for accelerating economic growth of Nepal which was striving for graduating itself to the status of developing nation.
Nepal needs to invest about Rs. 300 billion in the infrastructure every year for a decade to graduate itself to the developing nation.
Minister Prabhu is scheduled to pay courtesy call to President Bidya Devi Bhandari, Prime Minister Prachanda and he will also have meeting with Minister for Physical Infrastructure and Transport Ramesh Lekhak.
CNI said that he would hold meetings with the private sector representatives and prominent industrialists.

“CNI believes that the visit of Indian Railways Minister will be helpful in strengthening the connectivity between Nepal and India for better socio-economic development of both the countries,” read the statement. 

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