India pledges $250 million to help rebuild quake-hit Nepal
India on Saturday pledged $250 million for post-earthquake reconstruction in Nepal as the two countries try to heal strained ties following protests in Nepal over the country’s new constitution.
The assistance, covering housing, health, education and cultural heritage in Nepal’s earthquake-hit areas, is part of an accord signed by the countries’ foreign ministers during Nepalese Prime Minister Khadga Prasad Oli’s visit to India.
Oli and Indian Prime Minister Narendra Modi also inaugurated on Saturday a transmission line for the supply of Indian electricity to Nepal under an Indian credit line of $13.5 million.
Nepal will use $100 million of the Indian assistance for the construction of 50,000 houses in the 14 districts most severely affected by the quake. Under the accord, $50 million each would be utilized in the health, education and cultural heritage sectors in 31 earthquake-hit districts of Nepal.
Oli said the main purpose of his visit “is to clear the misunderstanding that surfaced in the last few months.” Read More