KATHMANDU, Feb. 23 (Xinhua) -- Nepal will be holding an election to choose the country's new president on March 13, the Election Commission (EC) said.

The election body set the date for holding the presidential election after the EC officials held separate meetings with political party leaders including Prime Minister K.P. Sharma Oli on Thursday, according to the EC Spokesman Navaraj Dhakal.

The new president and vice-president should be elected through a voting by Electoral College comprising parliamentarians of the Federal Parliament and Provincial Assemblies a month after the formation of Federal Parliament as per the constitutional provisions.

"There will be a separate election to choose new vice president a week after the presidential election," EC Spokesman Dhakal said.

The tenures of current President Bidya Devi Bhandari and Vice President Nanda Bahadur Pun will be over soon, who were elected to the posts in October 2015.

The elections to choose new president and vice president are going to take place more than two months after the Himalayan nation held landmark Federal Parliament and Provincial Assembly elections simultaneously in two phases in November and December 2017.

These elections were crucial steps to implement the milestone new constitution of Nepal promulgated in September 2015.