Nepal and China to sign BRI implementation plan: Deputy PM
The Business Guardian|January 30, 2024
Kathmandu: Nepal and China will sign the implementation plan of the Belt and Road Initiative “very soon”, Deputy Prime Minister Narayan Kaji Shrestha said on Saturday, nearly seven years after the two neighbours inked an agreement to undertake ambitious Beijing-backed infrastructure projects in the Himalayan nation.
Nepal and China to sign BRI implementation plan: Deputy PM

“Once we sign the implementation plan, we will move into the implementation phase,” Shrestha, also the Minister for Home Affairs said while addressing an event here that is part of the Silk Road Youth Forum and South Asian Cooperation Conference.

He said the two countries will sign the implementation plan of the Belt and Road Initiative (BRI) “very soon” without specifying any date.

His statement came as Sun Haiyan, a senior leader of China’s ruling Communist Party, was visiting Nepal and meeting the country’s top leaders.

The signing of the BRI implementation plan is the key to negotiate and execute the projects under the initiative.

Nepal and China signed a Memorandum of Understanding on the BRI in 2017. However, not a single project under the initiative, a pet project of Chinese President Xi Jinping, has either been executed or negotiated.

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