KATHMANDU, JULY 6
The government has decided to accept $300 million in concessional loan from the Asian Development Bank (ADB) as project assistance to run the Subregional Transport Enhancement Project.
A meeting of the council of ministers held on Tuesday also decided to accept $50 million loan assistance to be received from the ADB for budget assistance under the Customs and Logistic Improvement Programme, Minister for Communications and Information Technology Rekha Sharma said.
According to the ADB, the programme is expected to help implement the current Customs Reform and Modernisation Plan by improving customs processes through the introduction of digital technologies including electronic payments of customs duties and fees, and electronic submission of export documents.
Similarly, the Cabinet meeting has approved the MCA-Nepal to acquire land for power transmission line and substation in Sindhupalchowk, Palpa and Nawalparasi (Bardaghat Sustapurba) districts.
A version of this article appears in the print on July 7, 2023, of The Himalayan Times.
