Nepal, China Ink Road Connectivity Deal

Kathmandu to import more from Beijing; Chinese banks to open branches in Nepal

- Kallol Bhattacherjee

China and Nepal on Sunday concluded agreements for all-weather connectivity between Kathmandu and the Tibet Autonomous Region.

The infrastructure-building agreements were part of the 20 documents that were signed after delegation-level talks held by visiting Chinese President Xi Jinping and Nepalese Prime Minister K.P. Sharma Oli.

An agreement for the upgraded all-weather road connection that includes building of Himalayan tunnels was reached between the Ministry of Finance of Nepal and the China International Development Cooperation Agency.