The government has decided to accept Rs 50.51 billion in soft loans provided by the World Bank for various projects ranging from roads to bridges. The subsidized loan would be utilized for the projects of strategic road network and upgrading of trade routes and bridges.

Spokesperson of the government and Minister for Communications and Information Technology, Prithvi Subba Gurung, told media persons that the WB Group was providing Nepal around Rs 29.72 billion for strategic road network and trade route upgrading projects and around Rs 20.79 billion grant for the third phase of bridge upgrading project. 

 

The minister  shared it while making public the decisions of the Cabinet meeting held on Monday. As per the Cabinet decision, the government will also accept the grants of some Rs 1.8 billion to be provided by South Korea for the enforcement of projects on inclusive rural development in Bardiya district. 

 

Accordingly, Prime Minister KP Sharma Oli would visit Spain, leading a Nepali delegation from June 30 to July 5. 

It was decided to table an agreement to be made with the WTO on fishery in the federal Parliament.

The Cabinet also decided to transfer some high ranking officials including secretaries. DIG of the Armed Police Force, Ganesh Bahadur Thadamagar, would be promoted to the post of AIG and made appointment accordingly. 

 

A Nepali delegation will be formed to attend the 16th meeting of Nepal-India bilateral consultation group to be held in Pune, India on June 23-24.