Department of Urban Development and Building Construction (DUDBC), and Nepal Academy and Indian Embassy signed a Memorandum of Understanding (MoU) for providing Indian grant assistance of NRs. 44.12 million for the construction of a three - storied Library building under Nepal-India Economic Cooperation Program.

 According to Indian Embassy press release, established in 1957, Nepal Academy is a premier national institution devoted to the promotion of languages, literature, culture, philosophy, research and the overall development of cultural and intellectual field by bringing together and coordinating national and international activities.  The Academy does not have the facility of a library. The new library building being constructed with Indian assistance will provide better facilities to the researchers and academicians of Nepal for research and reference of invaluable books.

 The project will be implemented by the Department of Urban Development and Building Construction (DUDBC), Kathmandu in accordance with the existing norms and regulations of the Government of Nepal. They will also be responsible for ensuring the quality of construction of the project and its timely completion. The MoU stipulates the constitution of an Oversight Committee, comprising representatives of the DUDBC and other stakeholders with a view to ensuring the implementation of the project in a time bound manner.

 In addition to this library, five projects in Kathmandu District have already been completed with Indian assistance. Work is ongoing on twelve small development projects at a cost of NRs. 427.3 million.  India has also gifted 31 ambulances, 26 school buses and 3 special medical vans to various organizations. Besides this, India has also undertaken the construction of Trauma Centre in Kathmandu at an estimated of NRs. 160 crores. Arrangements are being made to operationalise the centre shortly.

 Recognizing the importance of accelerating growth in Nepal, India remains committed to rendering all possible assistance in that direction. The India – Nepal Economic Program has an outlay of over NRs. 65 billion with more than 450 large and small development projects completed or currently being implemented in almost all the districts of Nepal. These development projects mainly in the sectors of education, health and infrastructure development have been undertaken in response to local needs, and in partnership with the Government of Nepal.