In the 10th India-Nepal Line of Credit (LOC) Review Meeting held in Kathmandu, both sides appreciated the strong cooperation in the India-Nepal Developmental Partnership. The progress of projects which are at various stages of implementation was reviewed during the meeting. Indian side was led by A. Ajay Kumar, Joint Secretary, Ministry of External Affairs, and the Nepal side by Mr. Shreekrishna Nepal, Joint Secretary, Ministry of Finance, Government of Nepal.
In Nepal, India's total LOC portfolio is of 1.65 billion US dollars. They are dedicated to infrastructure development prioritized by Nepal. So far, these LOCs have financed more than 40 road projects, 6 projects in hydropower and transmission lines, and several others in housing and reconstruction.

Power transmission infrastructure has been augmented with major LOC projects, such as Koshi Corridor (220 kV), Modi Lekhnath (132 kV), Solu Corridor (132 kV) and the Dhalkebar-Bhittamod (400 kV) projects. As of now, upto 452 MW of power export is being carried out through the Dhalkebar-Bhittamod 400 kV line.
India has also agreed to fund Bheri Corridor, Nijgadh-Inaruwa and Gandak Nepalgunj Transmission lines and associated substations under Indian LOC.