mainlogo2.jpg (11011 bytes)

ECONOMY  

logo1.jpg (7522 bytes)

tkphead2.jpg (5702 bytes)
 Kathmandu Wednesday July 12, 2000 Ahsad 28,  2057.


Construction of railways track begins

By a Post Reporter

BIRGUNJ, July 11- Minister for Commerce, Industry and Supplies Ram Krishna Tamrakar laid the first stone for the construction of 5.4 kilometers-long broad-gauge railways track that will connect Birgunj Inland Container Depot (ICD) to Indian Railways track in Raxual.

The construction of the railway track under the Indian grant assistance will provide Nepal’s foreign trade a direct railways access to seaport in Calcutta.

Digvijaya Singh, Indian State Minister for Railways and Surendra Prasad Chaudhary Minister for Information and Technology witnessed the stone laying ceremony.

Addressing the ceremony, Tamrakar expressed hope that Indian assistance in the construction of railway track would add yet another dimension in the annals of historic relationship between Nepal and India.

He also hoped that construction of railways track would facilitate Nepal’s foreign trade to a great extent by reducing freight and delivery time in Nepal’s foreign trade.

On the occassion Singh promised assistance to connect the remaining two ICDs in Brigunj and Bhairahawa with broad-guage railways links to Indian Railways. Minister Singh also expressed confidence that change of government in India or Nepal would not affect the existing cooperaion between the two countries existing since time immemorial.

The construction work of the railway track has already been awarded to IRCON, an official constructor of the Indian Railways.

Construction of the railways track is expected to be completed by November along with the completion of the construction of Birgunj ICD.

Completion of ICD, more popularly known as Dry Port, and Railway tracks alone, however, will not ensure the operation of railways connecting the dry port to sea unless Nepal and India reach Railway Operation Agreement.

Though Nepal sent the first draft of the agreement to India back in February this year, the latter is yet to send any response on the draft despite repeated inquiry from the Nepali side. Alike many of other pending trade issues, it is unlikely to be settled before Prime Minister Girija Prasad Koirala’s expected visit next month. A highly placed government official said the issue would be discussed during Prime Minister Girija Prasad Koirala’s forthcoming visit to India scheduled for next month.

Three ICDs are being constructed in Birgunj, Biratnagar and Bhairahawa under Nepal Multimodal Trade and Transit Facilitation Project(NMTTFP). The total cost of three ICDs is billed at US$ 28.5 million. Out of the estimated cost, US$ 23.5 million rupees is being covered by financial assistance from The World Bank and the rest US$ 5 million is being covered by the government. The completion of the project and connection of the Dry Port to railway link is expected to reduce the trade and transit cost by about 30 percent, besides reducing the administrative hassles in the smooth transportation of goods to and from India.


Other Stories


|Headline| |Editorial| |Local| |Letter| |Sports| |Past|

Send your comments and letters to the editor at kanti@kpost.mos.com.np
1999 © Mercantile Communications Pvt. Ltd. P.O. Box 876, Durbar Marg, Kathmandu, NEPAL. Tel : 977 1 220 773, 243566, Fax: 977 1 225 407. Reproduction in any form is prohibited without prior permission. No part of the articles which appear in the internet version on The Kathmandu Post may be reproduced without the permission of Mercantile Communications Pvt. Ltd. For reprinting rights, please write to US. Send us your feedback: CONTACT US  ABOUT US  HOME ADVERTISE WITH US

BACK TO THE TOP