Nepal seeks billion-dollar loan from China

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KATHMANDU, Sept 8 (AFP): Nepal has asked China for a one billion dollar loan to develop infrastructure in the desperately poor country, the foreign minister said Tuesday as she left for Beijing on an official visit.
Sujata Koirala said the money would be used to build roads, bridges, power plants and a new international airport in Nepal, which is still struggling to recover from a 10-year civil war that ended in 2006.
"The government of Nepal approached China for a soft loan of around one billion dollars for development activities," Koirala told reporters at Kathmandu airport.
"We have already received a warm response from the Chinese government."
Koirala, who will spend six days in Beijing ahead of a planned visit by Nepal's prime minister, said Chinese concerns about protests by Tibetan exiles here would also be on the agenda.