Friday, March 15, 2019

Investment Board to showcase 63 projects in investment summit

The Investment Board-Nepal (IBN) today approved 63 projects – ranging from 340 million to Rs 340 billion – to be showcased at the Nepal Investment Summit scheduled for March 29-30.
The 35th board meeting chaired by Prime Minister KP Sharma Oli today has approved the projects prepared by the board to be showcased before investors – both the foreign and domestic – at the investment summit that is expected to see some 400 participants.
The projects related to transportation, tourism, agriculture, education and health sectors will be showcased before the investors, board chief executive officer Maha Prasad Adhikari said, adding that the approved projects include Kathmandu Bus Rapid Transit, Ramgram-Tilaurakot Bus Rapid Transit, West Seti Hydel Project, Second International Airport in Nijgadh, Warehouse and Processing Centres, Sunkoshi-2 and Sunkoshi-3 Hydel Projects, Madhya Kaligandak Hydel Project, Special Economic Zone (Simara), Hetauda Smart City, Waste Management Project (Butwal), Dhulikhel Medicity and Pokhara Technical School. "The board will present the projects with all their features, including financial analysis at the summit."
The board has also selected the projects keeping in the federal setup in the mind with priority projects of different provinces, he added. Among those on the list are seven projects in road and air transport, including three new projects Kathmandu Bus Rapid Transit, Ramgram-Tilaurakot Bus Rapid Transit and Sudurpashchim Sarbajanik Yatayat. The latter two projects are of Province 5 and Sudurpaschim Province respectively.
There are also five projects in tourism infrastructure, including at local and provincial levels. Likewise, the board has prepared 13 projects in hydro-power including six in the private sector, to present at the summit.
Likewise, two educational and health sector projects and three in industrial infrastructure are also ready to showcase. Three urban infrastructures have also made it to the list apart from two cement factories and three cable car projects, Adhikari added. "Some 400 delegates have confirmed their participation in the summit and most of them are from China and India."
Prime Minister during the meeting also directed the government agencies for security arrangements.
Earlier, the board that had exhibited eight projects at the first Investment Summit in 2017 has left out three projects – Tamakoshi III, Integrated Solid Waste Management Project and Kathmandu Hetauda Tunnel Highway – for the second summit.
Tamakoshi III is already taken up by a private party and the solid waste project is now in the implementation phase. The tunnel highway is also signing contract with Chinese investors this week after the special annual general meeting called on March 23.

No comments: