Spot gold edges lower on Aug. 14th    Egyptian pound ticks up vs. US dollar at Thursday's close    Egypt condemns Israeli plan to build 3,400 settler homes in West Bank    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Egypt, Namibia explore closer pharmaceutical cooperation    Egypt, China ink $1bn agreement for Sailun tire plant in SCZONE    Egyptian, Jordanian ministers talk cooperation at 33rd Joint Higher Committee session    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's Electricity Minister discusses progress on Greece power link    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    27 Western countries issue joint call for unimpeded aid access to Gaza    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Korean Cultural Centre in Cairo launches folk painting workshop    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.