Kathmandu: The government of Japan has decided to extend grant assistance of 2.256 billion Japanese Yen (approximately NRs.

2.0 billion) for the implementation of the Project for the Improvement of the Rehabilitation of Irrigation System in Eastern Terai Area, and concessional loan assistance of 15.901 billion Japanese Yen (approximately NRs.14.2 billion) for the Urban Transmission and Distribution System Improvement Project to the Government of Nepal.

His Excellency the Japanese Ambassador to Nepal Mr. KIKUTA Yutaka, and Mr. Krishna Hari Pushkar, the Secretary of the Ministry of Finance, signed and exchanged the notes related to the grant and loan assistance today.
On the occasion of the signing of the notes, Ambassador KIKUTA, mentioned that both agriculture and energy are the important sectors for economic development of Nepal. “Agriculture is the major industry in which a large number of Nepali people are engaged.

The development of agriculture is indispensable for the overall development of Nepal. Likewise, as Nepal’s hydropower generation capability has been improving, it is important to develop the transmission and distribution system to take full advantage of the progress,” KIKUTA said.

The Ambassador further stated that “The year 2022 marks the 120th anniversary since the first eight Nepali students were dispatched to Japan for their studies. The two projects signed in this commemorative year symbolize the friendship between the two countries and will contribute to Nepal’s development.

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The Embassy of Japan is committed to extending all possible assistance to Nepal in its endeavor for nation building and strengthening the friendly relationship between the peoples of Japan and Nepal.
# Based on a recent press release issued by the Japan Embassy in Kathmandu, nepal: Ed.

Upadhyaya.