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Investment board to take up 14 projects

   
  

Added At:  2012-05-27 12:26 AM

   Last Updated At: 2012-05-27 12:26 AM

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HIMALAYAN NEWS SERVICE

KATHMANDU: The board meeting of Nepal Investment Board today decided to take the authority of 14 national projects by passing the board’s regulation.

The 12-member board works under the supervision of the Prime Minister and is mandated to look over big projects and coordinate with financial matters.

“Our meeting today decided to move ahead with 14 national priority projects. We are looking forward to more projects in the future,” said Radhesh Pant, chief executive officer of the board.

The meeting was attended by Prime Minister and various sectoral ministers along with four board members from the private sector.

West Seti Hydropower project, Upper Marsyangdi, Tamakoshi 3, Arun 3, Tarai Fast Track project, Tribhuvan International Airport Upgradation project, Nijgadh Airport, Kathmandu Metro Railway, North-South Corridor, Kathmandu Waste Management, Chemical Fertiliser Manufacture, Nepal Infrastructure Bank and some five star hotels in various parts of the country- are the projects taken by the board.

“Board is a facilitating agency and the regulation passed today will help to work in close coordination with the concerned ministries,” added Pant. The Board, currently located in Singha Durbar, decided to move to its new office today. It was established last year through an Act to facilitate big projects and oversee financial matters.

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