Sunday, May 5, 2019

NRA allocates Rs 156 billion for next fiscal year

The National Reconstruction Authority (NRA) has allocated Rs 156 billion budget for the fiscal year 2019-20 to expedite reconstruction and rehabilitation works.
A meeting of the NRA’s directorate committee chaired by Prime Minister KP Sharma Oli took a decision today evening, reads a press release issued by the NRA today.
During the meeting, PM Oli directed the NRA authorities to accomplish the remaining tasks of the reconstruction while expressing satisfaction to the pace of ongoing reconstruction efforts.
On the occasion, finance minister Dr Yuba Raj Khatiwada said that the Finance Ministry has been holding consultation with the various development partners for additional financial resources required for remaining reconstruction works. "The development partners are positive to extend support for remaining reconstruction works," he informed.
NRA's chief executive officer Sushil Gyewali briefed the committee that the NRA is unlikely to complete its task of reconstruction within its stipulated five-year tenure. "We are expediting the reconstruction works given the budget," he said, adding that the NRA hopes to complete the main tasks of the reconstruction within next 20 months. "The NRA is not in favour of its term extension."
"Once the tenure of the NRA expires, the remaining reconstruction-related works can be handed over to the proposed National Disaster Management Authority or other concerned government agencies," he said.
Though, the NRA has already spent three years of its five-year term, some of the mega reconstruction projects like Dharahara and Ranipokhari has just started. Amid political squabbling, the NRA was established nine months after the 2015 devastating earthquake.

No comments: