Wednesday, February 1, 2012

ADB, Swiss government lend Nepal

Asian Development Bank (ADB) and the Government of Switzerland have agreed to provide $25 million (Rs 2523 million) to Nepal for the Second Phase of Decentralised Rural Infrastructure and Livelihood Project.
Two separate agreements were signed between Nepal and Switzerland as well as the Nepal and the ADB in the Ministry of Finance today.
Of the amount, $18 million is loan assistance while $7 million is grant assistance, the Ministry of Finance stated in a press release.
The overall objectives of the project are to contribute to poverty reduction by enhancing the mobility of isolated rural people and ensuring their easy access in economic and social sector activities.
Rural infrastructure such as rehabilitation, capacity building, decentralised governance, construction of rural road infrastructure including community development and rural livelihood are the activities included in the project.
The project is implemented in 18 different rural districts including Baglung, Baitadi, Bajhang, Bajura, Darchula, Dolpa, Gorkha, Humla, Jajarkot, Jumla, Kalikot, Lamjung, Myagdi, Mugu, Okhaldhunga, Ramechhap, Solukhumbu and Taplejung.
The expected outcomes of the project are to have improved access to social services and economic opportunities of the people including disadvantaged groups stakeholders/institutions at all levels through planning to implementation and managing construction and maintenance works in a socially inclusive manner.
Two hundred and sixty kilometers of roads will be constructed and 1200-km of roads would be maintained by the DDCs with the participation of the communities.

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