KATHMANDU, NOVEMBER 6
The Government of Nepal has announced the formation of a Physical Infrastructure Development Fund to strengthen financial inclusion and accelerate investment in key national projects.
According to the Ministry of Finance, an initial Rs. 3–4 billion has been allocated under the Fiscal Responsibility and Budget Management Act to mobilize financial resources for transport, energy, housing, and urban infrastructure development.
A steering committee chaired by Joint Secretary Dinesh Kumar Bhusal will oversee the fund, with Deputy Director General Gopal Prasad Sharma and Under Secretary Sunita KC as members.
Officials said the fund will also coordinate with provincial and local governments to identify priority projects and ensure transparent resource allocation, helping attract both domestic and foreign investment in Nepal's infrastructure sector.
