Rail service pact to materialise soon

KATHMANDU, MARCH 14: 

Nepal and India will sign a Letter of Exchange for the final implementation of the Railway Service Agreement in May.

“After two months, we will sign a Letter of Exchange so that we can execute the railway service agreement signed in 2004 and reviewed recently,” said joint secretary at the Ministry of Commerce and Supplies Naindra Prasad Upadhyay. “Currently, a committee under the ministry is preparing the draft of the Letter of Exchange,” he said. During the second comprehensive review meeting of the Railway Service Agreement between Nepal and India, both the countries agreed for the operation of additional wagon and container during imports. 

The railway service agreement was made in May 2004 and according to the agreement it should have been reviewed every five years but it failed to be reviewed in 2009 due to various circumstances. 

However, after an interval of around three years the comprehensive review meeting of the Railway Service Agreement between Nepal and India was organised on March 1– 2 in the capital. Meanwhile, the third meeting of the Railway Service Agreement between Nepal and India will take place in New Delhi after six months.

Source: THT