SOUTH KOREAN ASSISTANCE TO COMBAT DISASTERS Kathmandu, 14 May:: The Republic of Korea (ROK) has agreed to provide a grant assistance of 4.6 million US dollars (equivalent to Rs. 403 million) to Nepal for the establishment of the disaster recovery centre for the Government Integrated Data Centre (GIDC), RSS reeeports.. A Memorandum of Understanding (MOU) was signed between the Government of Nepal and the Government of ROK, the Ministry of Foreign Affairs represented by the Korean International Cooperation Agency (KOICA), at the Ministry of Finance, today. Secretary at Ministry of Finance, Shanta Raj Subedi, and Korean Ambassador to Nepal, IL-doo Kim, signed the MOU on behalf of their respective governments. The objectives of the project are minimizing the data losses from natural or human-induced disasters through the back-up system of Disaster Recovery Centre (DRC), harvest synergies in the information management of the government with GIDC in Singha Durbar and reinforce the close relationship between the two countries through the successful implementation of the project. KOICA will undertake the construction of the Centre, provide software, equipment and materials, dispatch Korean experts to Nepal, and provide trainings to Nepalese counterparts in Korea for this. The project shall be located in Hetauda Municipality and will be completed within 36 months of the signing this MOU. The project will be implemented by KOICA on behalf of the Republic of Korea and National Information Technology Center (NITC) on behalf of the Government of Nepal. The government of Nepal has expressed its sincere appreciation to the Republic of Korea for this assistance and its continued support to the socio-economic development of Nepal. Nnnn