Nepal builds new railway network to spur growth
India funds line reconstruction as China vies for influence through large-scale infrastructure investments
Janakpur, Nepal
THREE years after its last train hit the buffers, landlocked Nepal is building a new railway network to boost its ailing economy - helped by the rivalry between its powerful neighbours, China and India.
The railway to India was a lifeline for the small southern frontier town of Janakpur, used to import everything from sweets to clothes and cosmetics and fuelling a vibrant border economy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels