Kathmandu: India has pledged a financial assistance of Rs 48.84 million to Nepal for the construction of a college building in the capital Kathmandu.
Ambassador of India to Nepal Ranjit Rae laid foundation stone of the building for Koteshwor Multiple Campus in Kathmandu district.
The campus building is constructed with financial aid from India and the project is being implemented through District Development Committee of Kathmandu.
Established in 1990, Koteshwor Multiple Campus is a non-profit, non-governmental, service-oriented community college situated at Koteshwor on the outskirt of Kathmandu.
The current infrastructure of the college is inadequate and is being run from an old school building. The college has enrolled more than 2000 students. The new campus building will provide much needed classroom space and create an improved environment for learning and contribute to the development of education in the area, said a statement issued by Indian embassy here.
India has provided a financial aid of nearly Rs 501 million to Nepal in the financial year 2015-2016 to help the quake-struck country renovate, restore and upgrade its various religious, cultural and educational institutions, it said.
The India-Nepal Economic Cooperation Programme has an outlay of over Rs 76 billion with more than 529 large and small development projects completed or being implemented in almost all the districts of Nepal. These development projects, mainly in the sectors of education, health and infrastructure development have been undertaken in response to local needs and in partnership with the Government of Nepal, the statement said.