“NAC´s monopoly in ground handling would be reduced gradually,” Bhandari said, after receiving a study report prepared by a high-level team lead by MoTCA Joint Secretary Murari Bahadur Karki. [break]
The team has evaluated NAC´s total assets after deducting all liabilities at Rs 13.72 billion. It has suggested putting the amount as a paid-up capital in the to-be-formed company with 49 percent government stake.
The team has suggested giving 51 percent stake to a strategic partner selected through global bid. National, international and joint venture companies can participate in the bid.
Karky said the strategic partner will need to invest Rs 14.28 billion as share capital. It has suggested distributing the government stake among tourism entrepreneurs, NAC employees, public and government. It has proposed giving 10 percent stake to tourism entrepreneurs, 5 percent to NAC employees and 15 percent to general public.
The other members of the study team were chartered accountant Sudarshan Raj Pande, advocate Namaraj Rijal, NAC´s deputy managing director Raju Bahadur KC, and joint secretary Birendra Kumar Singh.
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