Developers submit DPR of four major projects to investment board

 The developers of four major infrastructure projects today submitted detailed feasibility study report (DFSR) and detailed project report (DPR) of their projects to Investment Board Nepal (IBN) today.

A developer Flash Freight Logistics and International Cargo Pvt Ltd has submitted the DFSR for the Private Freight Terminal and Bulk Handling Facilities Project to be constructed in Birgunj and Bhairahawa. A memorandum of understanding (MoU) was signed between the developer and the board on November 29 last year, according to the board.

Likewise, CG Logistics Pvt Ltd and Sharaf Group – the developers of the Multi-model Logistics Park Project to be constructed in Biratnagar – have also submitted its DFSR to the board. The MoU was signed between the board and the developers on June 17 last year.

Developer of the Damak Clean Industrial Park China-Nepal Industrial Park has also submitted the DPR for the project to board. The 39th meeting of the board held on July 2 last year had approved an investment of $586.1 million for the construction of the project, the board confirmed. “The project is being constructed in Damak of Jhapa with the joint investment of Lhasa Economic and Technology Development Zone Jing Ping Joint Creation Construction Project Development Corporation Co Ltd and Damak Clean Industrial Park.”

Likewise, Muktinath Darshan Pvt Ltd has submitted the DPR of 80.16-km-long Birethanti-Muktinath cable car to the board on November 29. The proposed cable car – from Birethanti along Ghodepani, Tatopani, Lete, Kowang, Tukuche, Marfa, Jomsom to Muktinath – has been

The chief executive officer (CEO) of the board Sushil Bhatta – receiving the DPRs and DFSR, said that these projects will soon enter next phase of development.

Meanwhile, the board has also held discussions with Nepal Electricity Authority (NEA) and officials of Hongsi Shivam Cement to solve the problems in the construction of the power transmission line required for the project.

During the discussion, acting managing director of NEA Hitendra Dev Shakya expressed his commitment to arrange power supply by constructing transmission line for project within May. 

Likewise, CEO of the board Bhatta said that the big projects like this can make a significant contribution to the overall economic development of the country, including employment generation. “The board is making all possible efforts for the necessary facilitation in the implementation of such projects,” he added.