Finance Ministry turns down Minister Ale’s plan to cancel ADB loan to award project to Chinese contractor

KATHMANDU: The Ministry of Finance has rejected the plan of the Ministry of Culture, Tourism and Civil Aviation to cancel the loan approved by the Asian Development Bank (ADB) for awarding a contract to a Chinese company.

The ADB has approved a $150 million concessional loan to improve the capacity of Tribhuvan International Airport (TIA) and Gautam Buddha Airport in Nepal.