report in Times of India online, Oct 16, 2023 at 10.49 PM ISTNEW DELHI: Nepal’s very expensive Pokhara international airport is shaping up to be an economic albatross for the cash-strapped nation and has saddled it with debt to creditors in Beijing for years to come. The fate of the airport strongly parallels that of Gwadar Port in Pakistan which was built under China’s Belt and Road initiative (BRI). The multi-billion dollar port has failed…
Posts tagged as “albatross”
By Sangam Prasain in The Kathmandu Post, Oct 09, 2023Nepal Airlines is planning to sell off its Chinese planes that have been like an albatross around its neck for what an insider said is junkyard price. Acquired between 2014 and 2018, the six aircraft were worth Rs6.66 billion in grants and loans. One of the planes has since crashed. The national flag carrier is asking Rs220 million for the remaining five aircraft in an apparent…