Control Programme in Nepal and Bilateral Investment Promotion and Protection Agreement seeking to promote and protect investments from either country in the territory of the other country with the ultimate objective of increasing bilateral investment flow.
The credit line will be used to finance infrastructure projects such as highways, airports, bridges, irrigation, roads, railways and hydropower projects and carry a concessional rate of interest of 1.75% annually, with repayment period of 20 years, inclusive of 5 years moratorium.
source:ddnews category:international
