Exim Bank's Line of Credit of USD100 million to the Government of Nepal

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.... of USD100 million to the Government of Nepal Export-Import Bank of India (Exim Bank) has concluded an Agreement dated September 14, 2007 with the Government of Nepal, making available to the latter, a Line of Credit (LOC) of USD 100 million (USD One hundred million only) for financing export of eligible goods towards road projects, rural electrification projects, power transmission projects an....

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....d associated services may be procured by the seller for the purpose of an Eligible Contract from outside India. 2. The Credit Agreement under the LOC is effective from January 01, 2008. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) in case of project exports and 72 months from the execution date of the Cred....