The Asian Development Bank is poised to issue $150 million to the Civil Aviation Authority of Nepal to upgrade the airports in Kathmandu and Bhairahawa.

This will be the largest funding package the multilateral agency has given to Nepal's civil aviation sector so far. The Nepal government will chip in $48 million for the improvement project.

According to an Asian Development Bank official, $60 million of the money will be spent on building a state-of-the-art international terminal building, known as Terminal 2 (T2), at Gautam Buddha International Airport in Bhairahawa.

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