Kathmandu, March 15
The 35th board meeting of the Investment Board Nepal today approved 63 projects to be showcased at the upcoming Nepal Investment Summit scheduled for March 29 and 30.
The meeting chaired by Prime Minister KP Sharma Oli approved the projects prepared by IBN to be presented before investors — both foreign and domestic — at the investment summit.
The projects are related to transportation, tourism, agriculture, education, health and other sectors.
The approved projects include Kathmandu Bus Rapid Transit, Ramgram-Tilaurakot Bus Rapid Transit, West Seti Hydel Project, Second International Airport in Nijgadh, Warehouse and Processing Centres, Sunkoshi-2 and Sunkoshi-3 Hydel Projects, Madhya Kaligandak Hydel Project, Special Economic Zone (Simara), Hetauda Smart City, Waste Management Project (Butwal), Dhulikhel Medicity and Pokhara Technical School.
Meanwhile, the IBN board meeting also decided to extend the financial closure deadline of Arun-III Hydropower Project till June 30.
It also approved foreign investment worth Rs 10.5 billion from South Korean firm Motrex Co Ltd to set up a vehicle manufacturing and assembly plant in Nepal.
Written by Sureis
This news first appeared on https://thehimalayantimes.com/business/investment-board-nepal-approves-63-projects-for-investment-summit/ under the title “IBN approves 63 projects for investment summit”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.