header banner

IBN forms committee for two airport projects

alt=
By No Author
KATHMANDU, April 14: The 17th meeting of the Investment Board Nepal (IBN) has decided to form an eight-member coordination and facilitation committee that will take decisions on how to move forward with the Tribhuvan International Airport (TIA) upgradation project and the construction of the Second International Airport (SIA) in Nijgadh, Bara.

The meeting, held on Monday, said the committee will be formed under the coordination of the Minister for Culture, Tourism and Civil Aviation (MoCTCA). The other seven members will include the vice chairman of the National Planning Commission; secretaries at MoCTCA, the Ministry of Finance and Ministry of Law; the chief of IBN, the director general of the Civil


Aviation Authority of Nepal (CAAN), and the joint secretary of IBN.

There was confusion over whether MoCTCA, CAAN or IBN should be responsible for the construction of the SIA. With the formation of the committee, the confusion has been cleared and the project will move forward.

The meeting also decided to sign an agreement with the International Finance Corporation (IFC) to carry out a detail study on how to move both the TIA upgradation project and the SIA construction project forward. IFC will also suggest the models for the construction of the SIA.

IBN says the committee will take decisions regarding both the projects based on the study report provided by IFC.



Related story

FinMin directs IBN to build large projects by raising capital o...

Related Stories
ECONOMY

IBN approves Rs 36.37 billion investment in four h...

1692945450_Prachadna-1200x560_20230825152900.jpg
ECONOMY

IBN begins exploring new projects

IBN-begins.jpg
ECONOMY

20 development projects that will be watched in 20...

development-projects_20200101103321.jpg
ECONOMY

Indian company submits survey permit application t...

pachhimasetijalabidhuta-1200x560_20220929145219.jpg
ECONOMY

Prime minister has no time for IBN meetings

Prime minister has no time for IBN meetings