Japan Grants Rs 26.19 billion Assistance For Post-earthquake Reconstruction

Japan Provides Assistance For Post-earthquake ReconstructionJapan has agreed to provide support of Rs 26.19 billion (Japanese Yen 30 billion) to assist Nepal on post-earthquake reconstruction as reported by RSS.

The assistance will include loan assistance worth Japanese Yen 14 billion for Emergency School Reconstruction Project, Japanese Yen 12 billion for Emergency Housing Reconstruction Project and Japanese Yen 4 billion of grant assistance for reconstruction of Maternity Hospital, rehabilitation of water supply system in Sindhupalchok and construction of bridge in Barhakilo Barpak road in Gorkha District, the Ministry of Finance stated in a press release.

It is stated that the main objective of the Emergency School Reconstruction Project is to rebuild, retrofit, and repair schools in the earthquake affected districts. Likewise, the objective of the Emergency Housing Reconstruction Project is to restore and improve the living conditions of the earthquake victims by restructuring the destroyed and damaged houses with seismic standards in the earthquake affected districts.

The grant assistance of Japanese Yen 4 billlion is to support for the reconstruction of Paropakar Maternity and Women’s Hospital and Bir Hospital, rehabilitation of Water Transmission System in Chautara, Sindhupalchowk, and bridge construction along the Barhakilo-Barpak Road, Gorkha.

The exchange of notes regarding the loan and grant assistance were signed on Monday (December 21, 2015) by Secretary at the Ministry of Finance Lok Darshan Regmi and Japanese Ambassador to Nepal, Masashi Ogawa on behalf the Government of Nepal and the Government of Japan, respectively. The signing ceremony was held in the presence of Finance Minister Bishnu Prasad Poudel and JICA President Shinichi Kitaoka.

The Government of Nepal has expressed sincere appreciation to the Government of Japan for this assistance and for its continued support to the socio-economic development of Nepal.

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