Chinese Government provides RMB 50.59 million grant for Banepa Polytechnic Institute Construction Project

In 2001, the the Chinese Government and the Government of Nepal signed six agreements, including one to construct a polytechnic institute in Banepa.

On August 5, 2005, China committed $4.79 million in grant funding for construction on the Nepal Banepa Polytechnic Institute.

Then, on December 30, 2005, it agreed to grant an additional $1.79 million for a retaining wall, land leveling, and sewage draining at the construction site.

The institute was designed to offer enrollment for 220 full-time students in long term courses and 300 students in short term training courses.

Areas of study were to include tourism, hotel management, electronics, information technology, cosmetology, and computer engineering.

China Heilongjiang International Economic & Technical 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.