PM for expediting hydropower, infra projects

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    KATHMANDU, April 9:

    Sushil-Koirala-New-Prime-MinisterPrime Minister Sushil Koirala has said the government would execute mega hydropower and physical infrastructure projects on a fast track mode.

    Speaking at the meeting of Investment Board Nepal (IBN) here on Wednesday, Koirala said the board should be more active in implementation of mega projects.

    The board handles hydropower projects above 500 MW and mega mega infrastructure projects. Prime Minister chairs the board of IBN.

    This was IBN´s first meeting after Koirala assumed office.

    Issuing a statement, IBN said the PM stressed the need to forge common understanding and consensus for infrastructure development.

    The meeting held discussions on different issues including development of Upper Karnali and Arun III hydropower projects, the Second International Airport in Nijgadh, and upgrading of Tribhuwan International Airport.

    IBN has also sought commitment from the Ministry of Culture, Tourism and Civil Aviation (MoCTCA) regarding development of Second International Airport in Nijgadh and upgrading of TIA.

    According to the statement, the meeting also authorized IBN to call for Expression of Interest (EOI) from interested investors to conduct feasibility study for setting up a chemical fertilizer plant in the country.

    IBN CEO Radhesh Panta said they would call EoI for the feasibility study very soon.

    Officials say the factory would be instrumental in reducing country´s fertilizers import. Nepal imports 700,000 to 800,000 tons of chemical fertilizers annually.

    The meeting also decided to form a three-member team led by joint secretary of IB to assess the proposal for the management of solid waste in Kathmandu Valley take appropriate decision on awarding the contract.

    Source : Republica