Misplaced Pages

#846153

37-675: The initials PKR may refer to: Codes [ edit ] Pokhara International Airport , Nepal, by IATA code Pakistani rupee , ISO 4217 currency code Krotoszyn County , Greater Poland Voivodeship, vehicle registration Entertainment [ edit ] PKR.com , poker site Organizations [ edit ] People's Justice Party (Malaysia) Science and technology [ edit ] Pauson–Khand reaction in chemistry Parallel kinetic resolution in organic chemistry Protein kinase R , an enzyme See also [ edit ] PKRS (disambiguation) Topics referred to by

74-471: A 2,500-square-metre (27,000 sq ft) Air Traffic Control (ATC) tower, operations building and an air navigation unit. There are two non-precision approaches available at the Pokhara Airport; VHF omnidirectional range along a distance measuring equipment ( VOR/DME ) and Required Area Navigation (RNAV/RNP). The airport is also equipped with a CAT-I ILS system, which includes equipment such as

111-421: A US$ 11 million loan. The initial bid was nearly double Nepal's original projection, but the cost was later reduced by about 30 percent to US$ 216 million. In April 2016, then Prime Minister KP Sharma Oli laid the foundation stone of the airport, aiming to commence operations on 10 July 2021. In 2020, a proposal emerged to open both new international airports of Nepal, Pokhara and Gautam Buddha Airport , on

148-489: A foreign borrower to purchase Chinese goods or services (e.g. construction contractor building the project). Concessional loans are a form of foreign aid and subsidized by the Chinese government revenues. They are denominated in renminbi . Preferential buyers' credits are denominated in U.S. dollars. Although their conditions are concessional, they are not subsidized by tax revenues. The preferential export buyer's credit

185-689: A high-end navigational lighting system. ILS system is said to be operational only after 26 Feb 2023. There are two public terminals at the airport, one for international traffic and one for domestic traffic. The new airport infrastructure includes a 10,000-square-metre (110,000 sq ft) international terminal building with a steel roof as well as a 3,500-square-metre (38,000 sq ft) customs and cargo building. The international terminal can handle up to 610 departing passengers per hour. Two terminals, one domestic and one international, will be able to handle one million passengers annually. The 4,000-square-metre (43,000 sq ft) domestic terminal

222-455: A major part of the financing support for the BRI. For concessional loans the bank advances a no interest or very low interest rate loan to a developing country government or agency to build a project (e.g. power plant, road, water treatment facility). The term of the concession loan is up to 20 years and a maximum grace period of 7 years is given. The preferential export buyer's credit is provided to

259-464: A privately owned Bangladeshi passenger airline based at Hazrat Shahjalal International Airport , has planned to operate to Pokhara, Nepal four times a week from coming winter schedule 2024, followed by Indian routes. The airport is linked by an access road with the Prithvi Highway . Buses also connect the airport with Pokhara's city centre. The Export-Import Bank of China The bank

296-409: A width of 45 metres (147 ft 8 in). It has an east–west orientation with a 330-metre (1,082 ft 8 in) runway strip. The airport has a concrete runway and has the markings of the centerline, edge, touchdown zone, and the threshold. The taxiway (1.2 kilometres (0.75 mi) long and 23 metres (75 ft 6 in) wide) is built from the runway central line on the north side parallel to

333-467: Is Nepal's third international airport and officially began operations on 1 January 2023, with STOL -operations to Jomsom still being operated from the old airport. The airport is expected to handle up to one million passengers per year, but as of 2024 there have not been any regular international flights. The idea of constructing an international airport in Pokhara was first proposed in 1971. In 1976,

370-509: Is a policy bank and along with other Chinese policy institutions like China Development Bank and Sinosure implement the economic policies of the government. The focus of the bank is facilitate Chinese companies' exports. Commercial lending forms the backbone of the bank. Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom , and water projects) and investment loans for Chinese businesses to establish overseas in

407-487: Is different from Wikidata All article disambiguation pages All disambiguation pages Pokhara International Airport Pokhara International Airport ( Nepali : पोखरा अन्तर्राष्ट्रिय विमानस्थल ) ( IATA : PHH , ICAO : VNPR ) is an international airport in Pokhara , Gandaki Province, Nepal. It is located 3 km (1.9 mi) east of the old domestic airport , which it will gradually replace. The airport

SECTION 10

#1732851152847

444-509: Is generally classified as a commercial loan rather than foreign aid even if the interest rate is very low because the purpose is to promote Chinese exports. During the Covid pandemic , the bank granted the government of Angola an undisclosed amount of debt relief. In 2022, the bank signed an agreement with Hong Kong realtor group ESR Group and to invest in ASEAN infrastructure projects. In 2023,

481-408: Is located to the western side of the airport. Buddha Air plans on constructing a hangar that can accommodate aircraft up to the size of an Airbus A319 . The airport will also feature a 6,000-square-metre (65,000 sq ft) domestic and international hangar. Nepal has asked India since 2014 (or earlier) for new air routes, but has not received them. Even though air routes are governed by

518-558: The Civil Aviation Authority of Nepal set the official opening date for 1 January 2023. The airport was inaugurated by Prime Minister Pushpa Kamal Dahal on 1 January 2023. To celebrate the occasion, the city of Pokhara declared the day a public holiday. The first flight to arrive at the airport was a Buddha Air flight carrying the Prime Minister and his delegation. Development of the airport continued immediately after

555-457: The Freedoms of the air commercial aviation rights, India and Nepal are both signatories to it but one of India's reasons is that it involves India's security. Nepal has also proposed Himalaya 1, 2 and 3 air routes . These have not been implemented yet. In 2018, Buddha Air first announced that it was planning to operate its planned international fleet of Boeing or Airbus aircraft out of

592-620: The Government of Nepal acquired land for the project. In 1989, the Japan International Cooperation Agency conducted a feasibility study. However, the project stalled and was only reinstated in 2009 following a new air travel agreement between India and Nepal. In 2013, the Civil Aviation Authority of Nepal signed an agreement with China CAMC Engineering for the construction of the airport. Construction began in April 2016 and

629-611: The Group of Seven industrialized nations combined. The Financial Times estimates that in 2009 and 2010, Exim Bank and China Development Bank (CDB) together signed loans of at least $ 110 billion to other developing country governments and companies, more than the World Bank over a similar period. In 2014, CIC contributed some of the initial capital for the Silk Road Fund . Along the CDB and

666-514: The ICAO , IATA , and FAA . The apron of the airport can handle up to three narrowbody aircraft with two aerobridges , while the aprons at the domestic terminal are capable of accommodating up to four ATR-72 or Bombardier Q400 type and four Beechcraft 1900 or de Havilland Canada DHC-6 Twin Otter type small aircraft. The airport has a single 2,500 m (8,202 ft 1 in) long runway with

703-597: The Ministry of Finance is a minority owner. The bank is a part of the Chinese foreign aid system and administers the Two Preferential Loan Program ( 两优贷款业务 ; liangyou ). The concessional loan ( 优惠贷款 ) and preferential buyer's credit ( 优惠买方信贷 ) are the two main loan products under the preferential loan program. Exim Bank's Sovereign Business Loan Department manages these loans. These two types of loans are

740-506: The Exim Bank has agreed to support Sri Lanka's debt restructuring efforts. The news follow's India's promise to also support Sri Lanka through the debt restructuring program. The bank has provided more than $ 1 billion in loans to the Maldives for upgrading infrastructure, including upgrading an airport, bridge construction, and relocating the country's port. Beginning in the early 2000s,

777-590: The Silk Road Fund, Exim Bank is one of the primary financing sources for Belt and Road Initiative (BRI) development projects in Africa. Rival export financing institutions that have seen a decline in influence, such as the U.S. Export–Import Bank through Chairman Fred Hochberg , have complained that Exim Bank doesn't follow the export financing guidelines promulgated by the OECD and so has an unfair advantage. Exim Bank

SECTION 20

#1732851152847

814-786: The Sri Lankan government sought to obtain funding from international creditors to develop Hambantota. The Sri Lankan government sought funding for the Hambantota Port project form both the United States and India, which both declined. After India declined to fund development of the port, Sri Lanka next sought funding from China. In July 2006, Sri Lankan foreign minister Mangala Samaraweera met in China with Exim Bank president Li Ruogu . After this visit, Sri Lanka and China agreed that both countries would encourage Chinese companies to participate in

851-481: The airport to Pakistan's Gwadar Port , on which $ 10 billion in Chinese loans remain outstanding even while investment and activity at the port has stagnated (as of 2023 ). In November 2023, Nepal's Commission for the Investigation of Abuse and Authority, an anti-corruption agency, announced that it had opened an investigation into the airport's construction. The airport is built to the category 4D standard, set by

888-520: The airport would open in two phases: domestic flights would begin in January 2022, followed by international flights in April 2022. In 2022, it was announced that calibration flights would begin in October 2022. They would later take place in late November 2022. In mid-2022, the Civil Aviation Authority of Nepal pushed back the opening to December 2022 due to a lack of flight inspections. On 8 August 2022,

925-550: The airport. In mid-2021, Biman Bangladesh Airlines was the first international carrier to plan to serve the airport upon opening. The first Nepali Airline, Buddha Air , revealed plans in late 2022 to make Varanasi , in the Indian state of Varanasi , Uttar Pradesh , the first destination from the airport. The helicopter operators Air Dynasty , Prabhu Helicopter and Simrik Air offer helicopter operations out of their respective hubs at Pokhara International Airport. Air Astra ,

962-416: The energy, mining and industrial sectors. Another function is to administer concessional loans which are no interest or very low interest loans provided as foreign aid by the Chinese government. Exim is the sole provider of Chinese government concessional loans . Exim Bank does not publish figures for overseas loans. However, U.S. officials estimate that it finances more than the total export financing of

999-480: The localizer and the glide path to help aircraft in navigation. The ATC tower also supports Wide area multilateration (WAM) based surveillance system, the first of its kind in Nepal. High intensity 870 metres (2,854 ft 4 in) extended centerline lights are installed at the southern end of the airport to assist with the approach. It is equipped with advanced communication, navigation, and monitoring equipment and

1036-449: The market rate. Nepal must still repay the loan it took out from China to build the airport, and they may not be able to pay it out of revenue generated by the airport, which has no regularly scheduled international flights as of 2023 . As a result, The New York Times noted that the airport may become a debt trap, a problem shared by several other projects completed under China's Belt and Road Initiative . The Times of India compared

1073-453: The opening with an initial lack of customs facilities and a fuel depot — initially, fuel was being carried from the old Pokhara Airport on trucks. The airport was also opened before it was certified for IFR flight, a contributing factor to the crash of Yeti Airlines Flight 691 only one month later. In June 2023, the airport saw its first international flight before which it only handled domestic services. The first international flight

1110-757: The port project and encourage the use of concessional loans from China to finance the project. Sri Lankan President Rajapaksa visited China in February 2007 and the visit resulted in China's decision to fund the port development. In 2023, Exim Bank provided Sri Lanka with an extension on Sri Lankan debt due in 2022 and 2023. There are a total of 21 branches of the bank, in Anhui , Beijing , Chengdu , Chongqing , Dalian , Fujian , Guangdong , Heilongjiang , Hubei , Hunan , Jiangsu , Nanjing , Ningbo , Qingdao , Shanghai , Shanxi , Shenzhen , Tianjin , Xiamen , Xi'an , Xinjiang , Yunnan , and Zhejiang . Exim Bank has

1147-616: The runway. The airside infrastructure works also includes two 182.5-by-23-metre (598 ft 9 in × 75 ft 6 in) exit taxiways, access roads, and aerodrome pavement. The runway is capable of handling aircraft such as the Airbus A320 and the Boeing 737 . All international landings and takeoffs will be done using the Eastern part of the runway. Domestic flights and landings will use both Eastern and Western sides. The airport features

PKR - Misplaced Pages Continue

1184-460: The same day. However, it was revealed in 2020 that the nearby Rithepani Hill, located at the eastern end of the runway, needed to be flattened to facilitate aircraft approach. This decision faced severe protests from locals, delaying the flattening work until late 2022. Due to the COVID-19 pandemic in Nepal, the construction deadline was extended until 2022. In October 2021, officials confirmed that

1221-403: The same term [REDACTED] This disambiguation page lists articles associated with the title PKR . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=PKR&oldid=1258592319 " Category : Disambiguation pages Hidden categories: Short description

1258-413: Was a Sichuan Airlines flight from China in an Airbus A319 . The flight was chartered and funded by China, and the passengers were Chinese athletes and officials who came for a good-will dragon-boat race. In October 2023, the airport's construction was the subject of an investigation by The New York Times . The newspaper found that the airport's construction costs were deliberately inflated; and that

1295-402: Was completed without several items that are typically required in building a new airport (such as taking local rainfall and soil conditions into account, which can leave it vulnerable to flooding). One consultant, originally hired to ensure the airport's construction adhered to international standards, estimated that Nepal's lack of oversight over the project led to it being charged at least double

1332-482: Was established in 1994. Exim Bank implemented a bond auction in 1999. In 2015, China used its foreign exchange reserves to recapitalize Exim Bank, which in turn empowered it to make significant foreign loans. Exim Bank is entirely state-owned . As of 2019, its majority owner is Buttonwood Investment Holding Company Ltd. (which is in turn owned by the State Administration of Foreign Exchange ) and

1369-528: Was expected to be completed after five years in 2021, with an estimated cost of around US$ 305 million. The Export-Import Bank of China provided approximately US$ 215 million as a preferential loan to Nepal which included subsidizing part of the loan interest. Additionally, the Asian Development Bank contributed US$ 37 million in loans and grants while the OPEC Fund for International Development provided

#846153