EU provides 50 million Euros for Nepal’s reconstruction

euKATHMANDU, July 14 (Nepal Foreign Affairs)–The European Union (EU) has provided 50 million Euros as first tranche of the Nepal – EU Action for Recovery and Reconstruction (NEARR) budget support programme on Thursday.

The aid is a part of the pledge made by EU Commissioner Neven Mimica in June 2015 during his visit to Nepal for the International Conference on Nepal’s Reconstruction to substantially support the start-up phase of the recovery, the Delegation of the European Union to Nepal said in a press release. This amount is an important contribution through Nepal’s treasury during the start-up phase of the PDRF.

” In a second phase, later in the year, the EU is committed to inject another NPR 6 BILLION (EUR 50 MILLION), provided important progress is made in accelerating reconstruction through PDRF implementation, including transfer of the first tranche of the housing grant to at least 200,000 households,” the EU said.

”All stakeholders now need to rigorously focus determination, skills and energy on implementing the PDRF to rebuild houses, schools and other infrastructure. This is the moment to create more resilient, inclusive and prosperous communities in an accountable, transparent and sensitive way, and to inject more dynamism into Nepal’s economy,” said EU Ambassador Rensje Teerink said in the statement.



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