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India hands over Rs. 2.45 billion for reconstruction

Kathmandu, August 22: As per the prior understanding, India has provided Rs. 2 billion 458 million 850 thousand as reimbursement to private housing reconstruction. A cheque was handed over to Nepal at the fifth meeting of the Nepal-India Joint Commission held here on August 21.

Indian ambassador to Nepal Manjeev Singh Puri handed over the cheque to Chief Executive Officer (CEO) of the National Reconstruction Authority (NRA) Sushil Gyewali at the presence of Nepali foreign minister Pradeep Kumar Gyawali and Indian Minister for External Affairs S. Jayashankar.

This amount is a portion of the Rs. 10 billion stipulated to be spent for private housing out of the Rs. 25 billion pledged by the Indian government during the International Conference on Nepal's Reconstruction held immediately after the April 2015 earthquake.

The Indian government has already provided three installments of Rs. 2.1 billion, Rs. 0.8 billion and Rs. 1.60 billion before this. Including yesterday's amount, India has reimbursed Rs. 6.95 billion for private housing grants.

This amount will be used for the reimbursement of private housing grants for reconstruction in Gorkha and Nuwakot. The United Nations Development Programme (UNDP) in Gorkha and the United Nations Office for Project Services (UNOPS) in Nuwakot are facilitating as Project Management Consultants of the Indian Government.

The remaining Rs. 15 billion out of Rs. 25 billion assistance from the Indian government is stipulated to be spent for reconstruction of schools, health institutions and heritage sites. Out of Rs. 15 billion, Rs. 5 billion will be spent for schools reconstruction, Rs. 5 billion will be spent for reconstruction of health buildings, and Rs. 5 billion will be spent for heritage reconstruction.

India had pledged to support Rs. 100 billion for reconstruction after the earthquake. Remaining Rs. 75 billion is loan assistance.

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