Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egyptian pound edges up slightly against dollar in early Sunday trading    Suez Canal sees largest container ship in two years as traffic returns    Egypt's government complaints system received 193,000 requests in October    Egypt launches world's largest palm farm in Toshka, Al-Owainat with 2.3 million trees    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    Iraq's PM says holding elections on schedule is a 'major event' for the state    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    25 injured after minibus overturns on Cairo–Sokhna road    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Nepal eyes railway deal with China during Xi visit
Published in Ahram Online on 12 - 10 - 2019

Chinese President Xi Jinping is due to arrive in Nepal on Saturday for talks with Prime Minister K.P. Sharma Oli and is expected to sign a deal expanding a railway link between the Himalayan nation and Tibet, officials said.
Xi will be the first Chinese president to visit Nepal in 22 years and will arrive from India, where he held talks with Prime Minister Narendra Modi.
Landlocked Nepal, a natural buffer between India and China, has been trying to lessen its dependence on New Delhi.
The Chinese leader will meet Oli on Sunday and the two leaders are expected to sign a slew of deals, including the planned extension of the rail link from remote, mountainous Tibet to Nepal's capital, Kathmandu, officials said.
The link will be part of China's Belt and Road Initiative, Xi's signature project that Nepal joined in 2017.
Rajan Bhattarai, one of Oli's top aides, said a feasibility study of the plan had been conducted by Chinese experts.
"An agreement for the preparation of a detailed project report for the railway link is expected to be signed after the prime minister's meeting with President Xi on Sunday," Bhattarai told Reuters.
The report will contain cost estimates, with financing and construction models to be decided, officials said.
Nepal sees the rail link with China as an alternative to its dependence on India. New Delhi accounts for nearly two-thirds of Nepal's trade and is the sole source of its fuel supply.
A prolonged blockade of its border crossings with India in 2015 and 2016 left Nepal short of fuel and medicine for months.
Asian giants India and China have both sought to woo Nepal and have poured in aid and infrastructure investment.
Beijing has helped build or upgrade highways, airports and power plants in Nepal under the Belt and Road infrastructure drive - a string of ports, railways, roads, bridges and other investments tying China to Europe via central and southern Asia.


Clic here to read the story from its source.