not a single flight at the airport
If you believe the reports coming from the Nepali media, then since the time this airport opened, not a single international flight has taken off. Because of this, questions are now being raised that whether this project will also get buried in the soil like other projects going on in the country. Initially, the government officials and the people of the country were very optimistic about this project. But now the way the work is going on here and due to the lack of preparations, the fear expressed by the experts, it seems that it will come true. The operation at the airport is negligible.
Nepal was also given the maximum loan
Like Pakistan and Sri Lanka, China is also the largest creditor to Nepal. This country has invested a lot in infrastructure projects here. In 2017, Nepal took a loan of $215 million from China for the construction of Pokhara International Airport. This loan was given to Nepal on behalf of Exim Bank of China. Everyone was happy when the loan was given by China. It is believed that this loan will contribute a lot in the infrastructure development of the country. However, everyone had expressed concern over the conditions that were kept then.
China’s exorbitant interest rates
Everyone knows that China gives loans at very high interest rates. China’s commercial banks give interest rates ranging from 5.5 percent to six percent, while other countries have fixed the interest rate at around three percent. Higher interest rate means Nepal will have to pay more money in the form of interest for a longer period of time. This will have a direct impact on the country’s exchequer. If experts are to be believed then due to Chinese debt there will be additional burden on the exchequer.