The ministry has been planning to take soft loan from the World Bank for the project implementation. The Fast Track road is projected to cost 100 billion
Nepalese rupees (1.05 billion U.S. dollars).
The four-lane project is intended to link Nepal's capital with Terai and other southern bordering parts within four hours, which otherwise takes around
eight hours.
The much talked about 76 km expressway had been uncertain in the third week of September after none of the three short-listed Indian firms submitted the
request for proposal to undertake the project relinquished it.
India firms like the Reliance Infrastructure, the Infrastructure Leasing & Financial Services (IL&FS) and the Larsen and Turbo (L&T)
Infrastructure Development Projects had applied for the project development
after the government expressed interest in the project. "We have been in
negotiation with World Bank group for taking soft loan for the project
construction."Tulasi Prasad Sitaula, secretary of the Ministry of Physical
Infrastructure and Transport, told Xinhua on Thursday.
He added the World Bank has shown interest in lending soft loan for the project worth 500 million U.S. dollars.
Previously Women's Nike Air Max 90 Leather All White Retail , the project had been designed to be developed under build, own, operate and transfer (BOOT) model.
"The ministry has finally decided that the project should be directly invested
and undertaken by the government itself so as to ensure its successful
implementation," added Sitaula.
He said his ministry is forwarding the proposal to the National Planning Commission (NPC) on Friday. Once the NPC gives nod to the project development,
Nepal's Finance Ministry will have a final loan agreement with the World Bank.
The government has already invested around 2 billion Nepalese rupees (21 million U.S. dollars) for land acquisition and for track opening from
Chhalnakhel, the beginning point of the project Discount Nike Air VaporMax Men's Black White , to Nijgadh, the ending point.
At present, passengers have to cover about 157 km from Kathmandu to Nijgadh if they travel along Tribhuvan Highway and about 254 km if they opt for
Narayangadh-Mugling-Kathmandu road. The proposed fast track, however, will be
only about 76-km-long. Enditem
LONDON, March 3 (Xinhua) -- The People's Bank of China (PBoC) last Saturday announced to lower benchmark interest rate for the second time Women's Nike Air Max 2017 KPU Purple Black Retail , as well as to raise the ceiling that determines the maximum rate that bank can offer to 1.3 times the
benchmark.
The decision heated the debate on the Chinese central bank's policy stance here. And analysts believe that the decision is set to benefit the indebted
companies in China.
Andre de Silva, Head of Asia-Pacific Rates Research at HSBC, commented: "The need to ease is obvious. According to the PBoC's data, the average financing
cost for companies fell by only 14 basis points (bp) during the last quarter of
2014 and the drop was as limited as 9bp for small- and micro-sized corporates."
And "recent money market conditions still paint a tough financing picture. The 7-day interbank repo rate reached 4.99 percent as of Feb. 28th, way above
the past year average of 3.60 percent," said Silva in an analysis paper.
He added that China's inflation has fallen from 2.5 percent year-on-year in January 2014 to just 0.8 percent in January 2015. Given the slowdown in domestic
demand Men's Nike Air Max 2017 KPU Grey Navy For Sale , there is scope for inflation to fall further.
"More easing, beyond the latest lending rate cut, has to be carried out to bring about a material fall in cost of financing within the system," he said.
HSBC Economics team expects one more lending rate cut and one more reserve requirement ratio reduction in the second quarter of this year.
Mark Williams, Chief Asia Economist at Capital Economics, said in an analysis piece that the direct impact of the PBOC rate cut will be to lower financing
costs for bank borrowers Nike Air Max 2017 KPU Men's Varsity Red White For Sale , which are disproportionately larger and state-owned firms.
But he stressed that the decision is unlikely to result in much looser monetary conditions.
"The PBOC has said that the rate cut does not signal a shift in policy away from their neutral policy stance. That may sound contradictory but unlike most
countries, benchmark rates and liquidity conditions in China are set
independently," he said.
Williams noted that though the China's loan growth has been allowed to strengthen in recent months, this pick-up has been offset by a tightening of
restrictions on shadow banking. Overall credit or the so-called "total social
financing" has continued to slow.
"But the ongoing, moderate slowdown in GDP growth should not be a great concern since both wage growth and employment remain strong. We are forecasting
one more cut to benchmark rates before the middle of the year but nonetheless
expect credit to continue to slow," he said.
In regards to the decision on raising the ceiling Clearance Men's Nike Air Max 2017 Black , Williams said the PBOC is encouraging more market-based deposit pricing by banks, a key step towards
interest rate liberalization.
TIANJIN, Aug. 27 (Xinhua) -- Following are the facts and figures of the 13th Chinese National Games, the biggest ever in the history of the quadrennial event
which opens here on Sunday evening:
Athletes: 20,341
A total of 20,341 athletes Wholesale Men's Nike Air Max 2017 Black Gold , 12,721 professional and 7,620 amateur, including eight overseas athletes of Chinese heritage, have confirmed
their participation. They represent 38 delegations, including almost all of
China's provinces Nike Air Max 90 Ultra 2.0 Flyknit Men's Black White , municipalities, autonomous regions, the Hong Kong and Macao special administrative regions, and
sports associations from various trades.
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