July 7: The government has decided to accept US$ 300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project.    
A meeting of the Council of Ministers held on Tuesday also decided to accept US$ 50 million loan assistance to be received from the ADB for budget assistance under the Customs and Logistic Improvement Programme, said Minister for Communications and Information Technology Rekha Sharma.    
According to the ADB, the programme is expected to help implement the current Customs Reform and Modernization Plan by improving customs processes through the introduction of digital technologies including electronic payments of customs duties and fees, and electronic submission of export documents.    
Similarly, the cabinet meeting has approved the MCA-Nepal to acquire land for power transmission line and substation in Sindhupalchowk, Palpa and Nawalparasi (Bardaghat Sustapurba) districts. -- RSS