KATHMANDU: Minister for Physical Infrastructure and Transport Devendra Dahal has urged South Korean investors to invest in Nepal’s rail service development and expansion with full confidence.

At a meeting with the representatives of South Korea Railroad Corporation (KORAIL) on Tuesday, Minister Dahal asked the South Korean delegation for their investment in Nepal’s rail service adding that development of railway was also a key priority of Nepal government.

Dahal asked the South Korean team for carrying out study and research to expand rail service considering the religious, cultural and tourist destinations in Nepal.

He argued that Nepal was creating investment climate for rail service expansion and stated that the modalities for investment could be discussed too.

Ministry’s Secretary Keshab Kumar Sharma said that e-rail expansion could be useful in Nepal given immense potential for hydropower production.

Likewise, CEO of Investment Board Sushil Gyawali said a taskforce comprising experts from both countries would be formed within some days and different modalities for the development and expansion of railway would be studied.

CEO of Korea Railroad Corporation (KORAIL) Han Moon Hee shared about his company’s 126-year-long history and experiences in railway development and expressed readiness to execute assignment for the same in Nepal too.