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    India and Nepal sign three agreements

    India and Nepal on 16 September 2016 signed three MoUs and agreements to enhance the bilateral agreement between the two nations.
    •    The agreements were inked during the four-day-visit (from 15 September to 18 September 2016) of Nepal Prime Minister Pushpa Kamal Dahal Prachanda to India.
    •    MoU for project management consultancy services for upgradation/improvement of road infrastructure in Terai area of Nepal – The services will be provided by NHIDCL in pursuance of the MoU signed on 20 February 2016.
    •    First Amendatory Dollar credit line agreement between Nepal and EXIM Bank: Amendatory agreement to 1 billion US dollar Line of Credit agreement signed on 25 November 2014, enabling reapportioning of unutilised funds for post-earthquake reconstruction projects in Nepal.
    •    Dollar Credit line agreement between Nepal and EXIM Bank: New Line of Credit agreement for 750 million US dollar for post-earthquake reconstruction projects in Nepal.

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    India extends additional line of credit to Nepal

    India on Friday extended a fresh $750-million credit line to Nepal for post-earthquake reconstruction. 
    •    This was among three agreements signed following delegation-level talks chaired by Prime Minister Narendra Modi and his Nepalese counterpart, Puhspa Kamal Dahal "Prachanda" here. 
    •    The $750-million credit line is over and above the $1 billion aid that India announced following the devastating earthquake in the Himalayan nation last April that claimed over 8,000 lives. 
    •    The two sides also signed a memorandum of agreement (MoU) for project management consultancy services for upgrading and improving the road infrastructure in Nepal's Terai area. 
    •    Another agreement was signed on the first amendatory dollar credit line for post-earthquake reconstruction projects in Nepal. 
     

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