Kathmandu signs agreement with Chinese company to build monorail line

Kathmandu, May 25

Officials from the Kathmandu Metropolitan City and a Chinese company have signed an agreement to conduct a study to determine the feasibility of a monorail line along the Ring Road in Kathmandu.

A Memorandum of Understanding was signed between Kathmandu Metropolitan City and China Railway Construction Corporation, amid a programme organised in the Capital on Friday.

China Railway will submit a report on the feasibility of the project within seven months. As per the agreement, the company will also study the financial, technical, and sustainability aspects. Speaking at the event, Mayor Bidya Sudnar Shakya said he was committed to completing the construction of the project within his tenure.

Likewise, the Chief Executive Officer of the China Railway Li Hongki said the company was committed to completing the study within the stipulated time. The KMC will also be cooperating with the Lalitpur Metropolis in this regard.

Published on May 25th, Friday, 2018 4:28 PM

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