CONCEPT – NEPAL CHINA RAIL LINK

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 CONCEPT – NEPAL CHINA RAIL LINK

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    • Nepal takes China’s help : China will build a railway connecting the western region of Tibet with Nepal. This was one of several bilateral deals signed during Nepali Prime Minister Khadga Prasad Sharma Oli’s visit to Beijing. The link will connect the Tibetan city of Xigaze with Nepal’s capital, Kathmandu.
    • 10 agreements in all : The two sides signed more than 10 agreements involving technology, transportation, infrastructure and political cooperation. China would also like to work with Nepal to build a “cross-Himalayan connectivity network” through aviation, trading ports, highways and telecommunications.
    • Oli’s priority : Oli said that “cross-border connectivity” was Nepal’s top priority, and he called for the two countries to work together to develop Nepal’s hydropower resources. Nepal has already scrapped a $2.5 billion deal with China’s state-owned Gezhouba Group to build a hydropower facility in the west of the country. 
    • Projects : A $1.6 billion deal with China’s Three Gorges Project Corporation to build the West Seti hydropower plant in Nepal has been put in doubt, with officials saying the Chinese company has been haggling for better terms. Oli told the Global Times that nothing had been decided yet and the West Seti project was still under consideration by Nepal’s investment board.
    • India not too happy : Beijing's growing presence has raised hackles in Nepal's traditional ally India. For his part, Oli expressed Nepal's support for China's Belt and Road initiative, a global trade infrastructure project. New Delhi opposes the initiative, as the $50 billion China-Pakistan Economic Corridor, which is part of the Belt and Road Initiative, passes through Pakistan-occupied Kashmir.
    • Deep pockets : India, which has long considered Nepal part of its sphere of influence, has pledged its own major infrastructure projects to counter China's influence but Beijing still outspends it in the Himalayan nation.
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                                                                                                                                        PT's IAS Academy: CONCEPT – NEPAL CHINA RAIL LINK
                                                                                                                                        CONCEPT – NEPAL CHINA RAIL LINK
                                                                                                                                        Excellent study material for all civil services aspirants - begin learning - Kar ke dikhayenge!
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