During the last 24 hours that I have been in Nepal, I participated in the International Conference on Nepal’s Reconstruction, and had the pleasure of meeting President Dr. Ram Baran Yadav and Prime Minster Sushil Koirala. I also interacted with several political leaders and other dignitaries during my stay.
India stands shoulder to shoulder with Nepal, our closest neighbor with whom we have the most ancient ties. Government of India has pledged to provide US$ 1 billion for Nepal’s reconstruction over the next 5 years. This amount is in addition to ongoing grants and credits amounting to over US$ 1 billion for the next five years. We expect that these amounts will significantly help the quickest possible recovery and reconstruction efforts of the Government and people of Nepal. We also hope that early implementation of important projects such as Pancheshwar, Arun III and Upper Karnali Hydropower Projects and Nijgarh Airport and Kathmandu-Nijgarh Fast Track Road Projects will create new avenues for people’s livelihood, enhance Government’s revenue and contribute towards speedy post quake recovery and rehabilitation.
I also want to express my sincere appreciation for the courtesies and hospitality extended to my delegation and me by the Government of Nepal during the visit.
25th June 2015