Govt to sign MoU of China-proposed OBOR project

Kathmandu / May 8:The Nepal government has decided to sign the Memorandum of Understanding (MoU) of One Belt One Road (OBOR) project proposed by China.

A Cabinet meeting held in Singha Durbar on Monday has decided to endorse the project that connects Nepal, India and Europe.

The Cabinet has decided to send a delegation led by Deputy Prime Minister and Minister for Finance Minister Krishna Bahadur Mahara to China to this effect, said Minister for Information and Communications Surendra Karki.

“A high-level delegation led by Deputy Prime Minister and Minister for Finance will head to China on May 12,” said Minister Karki, adding, “The delegation will sign the Memorandum of Understanding (MoU) of the OBOR project proposed by northern neighbor China.”

Similarly, the Cabinet meeting also decided to build four mini cities at the four corners of the Kathmandu Valley to reduce the increasing density of population.

The meeting also decided to provide martyr status to those seven individuals killed in Sunsari, Morang, and Taplejung districts.

Similarly, the meeting passed the state visit to be made by President Bidya Devi Bhandari in Thailand and Sri Lanka on May 12.