KATHMANDU, MARCH 17

The Office of the Investment Board, Nepal has briefed the progress of public private partnership and private investment projects facilitated by the Investment Board Nepal (IBN) to Prime Minister and Chairperson of the IBN, Pushpa Kamal Dahal 'Prachanda'.

Subsequently, the prime minister had an interaction with developers of those projects today.

CEO of the IBN, Sushil Bhatta briefed the prime minister on project development and management, investment promotion, institutional development, and coordination collaboration and partnerships in line with the Public Private Partnership and Investment Act, 2019 and Strategic Plan of IBN.

During the interaction, the developers of Arun-III and Lower Arun Hydroelectric Projects; Hongshi Shivam Cement Project, Huaxin Narayani Cement Project, Upper Karnali Hydroelectric Project, Upper Trishuli-1 Project, Upper Marsyangdi-2 peaking run-of-the-river (PRoR) Hydroelectric Project, West Seti Storage and Seti River-6 PRoR Hydroelectric Project, Dabur Nepal, China-Nepal Friendship Industrial Park Project, Risen Nepal Solar Energy Project and Muktinath Cable Car briefed on the progress implementation status and key challenges.

At the end of the programme, the prime minister assured the developers that the Investment Board and the government will extend all necessary support and coordination for advancing project implementation and completing the project within the stipulated timeframe, and gave special instructions to the Office of the Investment Board Nepal for future performance of the IBN.

A version of this article appears in the print on March 18, 2023, of The Himalayan Times.