Nepal can achieve its desired economic growth and development goals through the development of infrastructures, concluded speakers at a session in the Nepal Infrastructure Summit 2019 which started in Kathmandu today.
Addressing the mega event on infrastructure development – organised jointly by the Confederation of Nepalese Industries (CNI) and the government – former Prime Minister Baburam Bhattarai said that the private sector can partner in the development of planned Nijgadh International Airport and also in different other projects.
Citing that the current Kathmandu-centric urbanisation has to be linked with Tarai-Madesh, Bhattarai urged the government to take development activities also along Tarai. However, he said that the private sector might not be able to develop and operate all planned mega infrastructure projects in the country. "We gave private sector the project to develop various tunnel projects, but they failed,” he said, adding that it shows that the private sector of the country today is not in the position to invest and develop mega infrastructure projects.
Stressing on the need to connect every village with road network in a bid to expand market and raise economic activity, Bhattarai said that the government should give due priority to completing the Postal Highway, Mid-Hill Highway along with East-West Highway based on Koshi, Gandaki and Karnali river basin. “Once the government builds necessary road networks and ensure markets, the private sector will set a base for higher revenue to the government by producing products and services.”
Bhattarai, on the occasion also lamented the government that has not been able to properly complete the first industrial revolution, though the world today is in fourth industrial revolution. “As Nepal's economy still today is based on livelihood-based agriculture, the government should promote industrial and service-based economy by developing necessary infrastructure and markets," he said, adding that the private sector – at the present context – has ample prospects to raise their investment in the hydropower sector.
Likewise, vice chair of National Planning Commission (NPC) Pushpa Raj Kandel, on the occasion, said that the government has made attempts to ensure business climate in the country by making regulatory provisions friendly to doing business. Kandel also informed that the government is doing necessary groundwork to improve country's position in doing business index. “Against these backdrops, investors from India, China, USA and Norway and other countries are willing to make investment in Nepal," he said.
On the occasion, director general of the World Bank (WB) Woochong Um said that countries including Nepal should focus on development of resilient infrastructure projects considering the rising global temperature and climate change issues. Um also said that Nepal should prioritise community-based infrastructure development process so as to link Nepal's development aspirations and the Sustainable Development Goals (SDGs) adopted by the United Nations (UN). He also stressed on the effective coordination and partnership between the government and the private sector in the development.
Speaking on the occasion, vice president of CNI Bishnu Kumar Agrawal, former revenue secretary Lal Shankar Ghimire also said that business climate in Nepal has been improving in the recent years.
Addressing the mega event on infrastructure development – organised jointly by the Confederation of Nepalese Industries (CNI) and the government – former Prime Minister Baburam Bhattarai said that the private sector can partner in the development of planned Nijgadh International Airport and also in different other projects.
Citing that the current Kathmandu-centric urbanisation has to be linked with Tarai-Madesh, Bhattarai urged the government to take development activities also along Tarai. However, he said that the private sector might not be able to develop and operate all planned mega infrastructure projects in the country. "We gave private sector the project to develop various tunnel projects, but they failed,” he said, adding that it shows that the private sector of the country today is not in the position to invest and develop mega infrastructure projects.
Stressing on the need to connect every village with road network in a bid to expand market and raise economic activity, Bhattarai said that the government should give due priority to completing the Postal Highway, Mid-Hill Highway along with East-West Highway based on Koshi, Gandaki and Karnali river basin. “Once the government builds necessary road networks and ensure markets, the private sector will set a base for higher revenue to the government by producing products and services.”
Bhattarai, on the occasion also lamented the government that has not been able to properly complete the first industrial revolution, though the world today is in fourth industrial revolution. “As Nepal's economy still today is based on livelihood-based agriculture, the government should promote industrial and service-based economy by developing necessary infrastructure and markets," he said, adding that the private sector – at the present context – has ample prospects to raise their investment in the hydropower sector.
Likewise, vice chair of National Planning Commission (NPC) Pushpa Raj Kandel, on the occasion, said that the government has made attempts to ensure business climate in the country by making regulatory provisions friendly to doing business. Kandel also informed that the government is doing necessary groundwork to improve country's position in doing business index. “Against these backdrops, investors from India, China, USA and Norway and other countries are willing to make investment in Nepal," he said.
On the occasion, director general of the World Bank (WB) Woochong Um said that countries including Nepal should focus on development of resilient infrastructure projects considering the rising global temperature and climate change issues. Um also said that Nepal should prioritise community-based infrastructure development process so as to link Nepal's development aspirations and the Sustainable Development Goals (SDGs) adopted by the United Nations (UN). He also stressed on the effective coordination and partnership between the government and the private sector in the development.
Speaking on the occasion, vice president of CNI Bishnu Kumar Agrawal, former revenue secretary Lal Shankar Ghimire also said that business climate in Nepal has been improving in the recent years.
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