Exim Bank's Line of Credit of USD 250 million to the Government of Nepal.

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....-Import Bank of India (Exim Bank) has concluded an Agreement dated October 21, 2011 with the Government of Nepal, making available to the latter, a Line of Credit (LOC) of USD 250 million (USD two hundred fifty million) for financing eligible machinery, equipments, goods and services including consultancy services for the purpose of infrastructure projects such as highways, airports, bridges, irri....

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.... with the approval of Government of India, Exim Bank may consider reduction in the Indian content. 2. The Credit Agreement under the LOC is effective from June 29, 2012 and the date of execution of Agreement is October 21, 2011. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of pro....