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Why less implementation of China's BRI projects in Nepal?

Why less implementation of China's BRI projects in Nepal?

Zee News
Sunday, June 27, 2021 01:19:49 AM UTC

Professor Dai Yonghong, Shenzhen University, questioned the implementation of BRI projects in Nepal and believes it is relatively low. 

New Delhi: Former Nepalese Ambassador to China, Leela Mani Paudyal on Saturday (June 26) said Nepal rejects Indo-Pacific Strategy (IPS) and highlighted the importance of the Belt and Road Initiative (BRI) in Nepal's foreign policy. The Ambassador was speaking at a Nepal Institute for International Cooperation and Engagement (NIICE) Global Conclave, a three-day event organized by Nepal Institute for International Cooperation that will host 220 speakers from 41 countries.  "There is a huge gap in Nepal’s development financing that BRI can supplement the other source of financing. Nepal expects to develop physical infrastructure like road, railways, transmission line, power, air connectivity. It also expects to revive culture heritage sites, promote tourism and conserve biodiversity, promote trade and investment. Air connectivity has been enhanced," the Ambassador said during the "Nepal-China relation" session.  According to Leela Mani Paudyal, China is the largest source of Foreign Direct Investment (FDI) of Nepal.
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