Chinese Government recommits to release Rs80 billion in cumulative aid for infrastructure development in Nepal

$80M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Nepal
Country	Nepal
Start Date	Apr 28, 2023
End Date	Apr 28, 2032
Duration	3,288 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`106108`

Grant Description

On April 28, 2023, Chinese Ambassador to Nepal, Chen Song, met with Nepal’s Finance Minister, Dr. Prakash Saran Mahat.

During the meeting, Ambassador Chen indicated that China could provide approximately Rs. 80 billion in assistance for infrastructure development in Nepal.

While this statement reflects an intention to release aid previously pledged since 2008, no formal agreement or new commitment was signed at the meeting.

The assistance, if realized, would support projects such as the Tokha-Chhahare Tunnel and other tunnelways in hilly regions.

It is unclear whether this proposed aid includes grants, interest-free loans, or concessional financing, and no specific projects have yet been formalized.

📋 Staff Comments

1. The 2008 pledge mentioned is thought to be project record ID #43178.

📚 Sources & References

China to release Rs80 billion pledged to Nepal since 2008
China hints providing nearly Rs. 80 billion assistance to Nepal for infrastructure development Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.