An agreement to this was signed and exchanged at the Ministry of Finance today, said a press statement issued by the Ministry.
Chinese government has pledged to provide Rs 48 billion grants for it.
Finance Secretary Shankar Prasad Adhikari and Chinese Ambassador to Nepal Yu Hong signed the agreements on behalf of the government of Nepal and the Chinese government respectively.
For the resumption of the Tatopati border point, the budget would be used for renovation of building and establishment of protection measures, so that trade clearance capabilities would be improved.
Similarly, under hospital recovery project, a middle sized hospital equipped with necessary facilities having 39 beds would be constructed in Sindhupalchowk.
School reconstruction is aimed at recovering and improving school facilities and functions.