India to give Rs830 crore to Nepal for developmental projects - dnaindia.com Kathmandu: India today signed four pacts with Nepal under which it will undertake developmental activities worth over Rs830 crore in the Himalayan nation to give boost to the bilateral ties. One of the major projects that India will undertake entails construction of a 680-km long highway in Terai region of Nepal at the cost of Rs 810 crore. The MoU on Strengthening of Road Infrastructure in Terai area was signed by external affairs minister SM Krishna and Nepalese deputy prime minister and foreign minister Sujata Koirala here. The road will improve connectivity within the region as well as its link with India. In presence of Krishna and Koirala, officials of the two countries also signed an MoU in power sector under which five villages of Nepal would be electrified at the cost of Rs6.3 crore. India is already providing 20 MW of power and decided to give 30 MW more. Nepal is seeking 30 MW more which India has agreed to provide. An agreement between Nepal Stock Exchange Limited (NPSE) and Central Depository Services (India) was also signed under which India will assist Nepal in setting up a Central Depository and Clearing and Settlement System at the cost of Rs5.75 crore. The two sides also signed an MoU for establishment of Nepal-Bharat Maitri Science Learning Center in Khumaltar, Lalitpur at the cost of Rs1.5 crore. The two countries were expected to sign an MoU wherein India would build a police academy in Nepal at the cost of around Rs500 crore. It, however, could not fructify, with officials citing "technical reasons" for it. The failure to sign this pact, however, may be seen in the context of Maoists' opposition to India helping in building capacities of Nepalese security forces.