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Nepal-India Oversight Mechanism meeting has agreed to expedite and implement India-funded projects in Nepal in a time-bound manner. The agreement was made during the second meeting of the Nepal-India Oversight Mechanism held in Kathmandu on Monday.
It is said that the meeting has made a comprehensive review of the progress made in economic and development corporation projects between Nepal and India since the first meeting was held on 29 November 2016.
Responding to the widespread criticism for not carrying out the commitments made from the Indian side, the Nepal-India Oversight Mechanism was agreed to set up during the visit to India by Prime Minister Pushpa Kamal Dahal in September last year.
The Mechanism was envisaged in order to take measures to ensure that all ongoing bilateral economic and development projects are implemented within the defined timeline.
The press release issues after the meeting has termed successfully ending of the meeting as it had made a comprehensive review of the progress achieved in economic and development corporation projects between Nepal and India since the first meeting. Third meeting of the mechanism is scheduled in the last of week of March in Kathmandu.
According to the press release, discussions were also held on ranges of bilateral issues cross-border rail projects, Integrated Check Posts, cross-border transmission lines, Arun III and Upper Karnali hydropower projects, Pancheshwar Multipurpose Project, Postal roads, Line of Credit projects and reconstruction projects.
