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  Asia-Pacific
S. Korea to Provide 5 Million US$ for Customs Project in Nepal
By Anil Giri
Kathmandu Correspondent
KOICA President Park Dae-Won

The government of the Republic of Korea has agreed to provide a grant assistance of Rs 354.25 million (5 million US dollars) to the Government of Nepal for the implementation of modernisation of Customs Administration Project.

The assistance will be utilized to implement the Business Process Re-Engineering (BRP) and draw up information strategic plan to foster the capacity of Department of Customs (DoC), improve the operation capacity transfer technology and skills of official and staff, said the Ministry of Finance issuing a press release on Thursday.

"The main priorities of the project are development and establishment of management system of agent module, valuation module, passenger clearance and risk management system," the release says.

The more than two-year-long project will be implemented by DoC on behalf of the Government of Nepal and by Korea International Cooperation Agency (KOICA) on behalf of the Government of South Korea.

A memorandum of understanding was signed on Thursday by Secretary of Ministry of Finance Krishna Hari Baskota on behalf of Nepal and Hong Sungmog, South Korean Ambassador to Nepal on behalf of the Korean government.

South Korea has been providing development assistance to Nepal since 1969 after the establishment of bilateral relations between the two countries.



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Anil Giri serves as Kathmandu Correspondent for The Seoul Times.As a journalist he has worked for such news media as Annapurna Post, BBC, and Himalayan Times for years. He finished his both undergrad Economics degree and his MA degree in English Literature at Tribhuvan Univ., Kathmandu. He also holds a diploma in Development Journalism from prestigious Indian Institute of Mass Communication-IIMC, New Delhi, India.

 

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