The Government of Nepal and China Exim bank, in 2016, signed a government concessional loan (GCL) agreement worth RMB 1.37 billion for the construction of Pokhara International regional airport. The government handed over the project to Chinese contractor CAMCE Engineering Co. Ltd. It is the 2nd biggest China-funded development project in Nepal, involving the construction of an apron, international and domestic terminal buildings, an air traffic control tower, a cargo terminal building along with an airport hangar and accommodation for medium category jets like the Boeing 757 and the Airbus 320. With the estimated cost of USD 225 million, the airport was set to be completed in 2021 but delayed a year due to the outbreak of COVID-19. Over 90% of the physical work has been completed by March (2022) and CAMCE handed over airport to Nepal government. it is built with Rs 22 billion concessional loan and grant assistance received from EXIM Bank of China.