Xi, Oli discuss rail connectivity

Beijing, June 20: China and Nepal discussed cross-border railway connectivity on Wednesday as President Xi Jinping met Nepali Prime Minister K.P. Sharma Oli here and said that Beijing is ready to cooperate with the Himalayan nation under the framework of the Belt and Road Initiative (BRI). Oli, who arrived here on Tuesday on a six-day-visit, met Xi at the Great Hall of the People in Beijing. Before their meeting, China and Nepal signed eight agreements worth $2.4 billion.

The agreements, signed in a ceremony at the Nepal Embassy here in Oli’s presence, were reached between the two governments and private sectors where Chinese investors will put money on developing hydroelectricity, water resources, cement factories and fruit cultivation and farming. During their meeting, Xi and Oli discussed ways and means to further expanding bilateral cooperation in various fields including through cross border railway connectivity.

Xi told Oli that China “stands ready to strengthen cooperation with Nepal in infrastructure connectivity, post-disaster reconstruction, trade and investment under the framework of the BRI”. “China appreciates Nepal’s resolute adherence to the one-China policy and will support its efforts to safeguard national independence, sovereignty and territorial integrity,” Xi said. (IANS)