Kathmandu, July 3

Nepal Investment Bank Ltd (NIBL) and Pashupati Area Development Trust (PADT) have signed an agreement under ‘People’s Involvement and Development’ programme.

As per the pact, they have agreed to maintain Mahasnan Ghar (The Great Bath House) constructed by King Rana Bahadur Shah in 1856 BS in the name of his most beloved Queen Kantiwati, located in the Pashupati area and develop it as ‘Pashupati Museum’.

The southern and western sides of Mahasnan Ghar were damaged during the devastating earthquakes of April 25 and May 12 last year. According to the agreement signed amidst a programme today, the reconstruction of the Mahasnan Ghar will be completed within a year and the museum will come into operation within three years.

The agreement also states that Nepal Investment Bank will provide a financial aid of Rs 10 million per annum for three years. The agreement was signed between CEO of NIBL Jyoti Prakash Pandey and Member Secretary of PADT Dr Govinda Tandan.

Nepal Investment Bank has been actively involved in the resurrection and reconstruction of the Pashupati area. In this regard, the bank has reconstructed and maintained the area of Pashupati Aryaghat in the past for which PADT has shown its appreciation.