Kathmandu, September7 : South Korea has agreed to support to reconstruct old settlements and develop smart cities in the Kathmandu Valley. .
According to the National Reconstruction Authority (NRA), Korean government is willing to reconstruct the antique settlements of Khokana, Lalitpur and develop smart cities in its adjoining areas.
A memorandum of understanding to this effect was signed by NRA, Kathmandu Valley Development Authority and Seoul Housing and Community Corporation for re-construction and development of smart cities. The agreement was signed in Korea’s capital city Seoul.
NRA’s Chief Executive Officer Sushil Gyawali expressed his confidence that the Korean assistance will be a milestone to preserve the ancient human settlements of Kathmandu Valley and develop new cities.