KATHMANDU, Feb. 10 (Chinese media) -- The Asian Development Bank (ADB)will provide a grant assistance of 9 million U.S. dollars to Nepal for the implementation of the Nepal component of the South Asian Association for Regional Cooperation (SAARC) information highway project.
According to Tuesday's the National News Agency RSS, the grant assistance will be provided to Nepal under an eight-year project aiming to improve information and communication technology (ICT) connectivity between SAARC member nations of Bangladesh, Bhutan, India and Nepal, provide modern, affordable and reliable information, communication and knowledge services within and across borders and expand ICT accessibility in remote areas, said a press release issued here by ADB.
Major expected outcomes of the project are an enhanced network of SAARC member nations, establishment of South Asia Sub-regional Economic Cooperation (SASEC) village network and SAARC research and training network.
It is the sub-regional investment project to be jointly implemented by the SASEC countries in a coordinated and concerted way, said the press release.
An agreement to this effect was signed between Finance Secretary Rameswor Prasad Khanal and ADB Country Director Barry Hitchcock at the Ministry of Finance on Monday.
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