Kathmandu: India on Monday handed over Rs 374.68 million to Nepal to build embankments on three border rivers to control floods affecting both neighbours.
The constructions along the Lalbakeya, Bagmati and Kamla rivers in southern Nepal are being undertaken in accordance with the decisions taken by the India-Nepal Joint Committee on Inundation and Flood Management.
Indian Ambassador Ranjit Rae, handed over a cheque here today to Umakant Jha, Minister for Energy, Irrigation and Science and Technology.
With the present assistance, the total grant from India for embankment construction stands at Rs 2917.68 million.
"India remains committed to continue working closely with Nepal for further cooperation in the field of Water Resources so that this contributes to the development and prosperity of a close and friendly neighbour," a statement from the Indian embassy said.