KATHMANDU, Nov 27: The Asian Development Bank (ADB) has provided a loan assistance of about Rs 7.08 billion for the improvement and modernization of Nepal's electricity system. A bilateral agreement for the loan assistance was signed at the Ministry of Finance on Friday by Finance Secretary Madhukumar Marasini and ADB Country Director Arnaud Cauchois.
KATHMANDU, July 1: The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) in a bid to support Nepal in its fight against the coronavirus disease (COVID-19) pandemic.
KATHMANDU, Oct 12: The Asian Development Bank (ADB) is expected to lend an estimated amount between US$ 500 to 600 million during 2020-2024 under its new 5-year Country Partnership Strategy (CPS) for Nepal.
KATHMANDU, Jan 30: It turns out that the cash flow problem, which the Italian contractor Cooperativa Muratori e Cementisti (CMC) di Ravenna claimed to be the prime reason behind the delay in tunnel works and head works of Melamchi Water Supply project, was its own creation.
KATHMANDU, Nov 28: Federation of Contractors’ Association of Nepal (FCAN) has blamed the government and development partner Asian Development Bank for denying Nepali contractors’ participation in at least two mega-billion road projects.
KATHMANDU, Nov 26: The Asian Development Bank has agreed to provide US$ 150 million as development assistance for two projects. One of these projects consists concessional loan of US$ 130 million for Urban Water Supply and Sanitation Project and the other project consists of additional loan financing of US$ 20 million for SASEC Power System Expansion Project.
PAANCHTHAR, Oct 15: The personal details of 46,000 people have been collected so far for the distribution of National Identity Cards (NIC) which will be a first in Nepal's history. The Home Ministry is planning to conduct the first level distribution of NICs within mid-November.
KATHMANDU, Oct 4: The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway.
ISLAMABAD, Sept 21: With only nine months left in closing of the project, Pakistan has not yet taken a final decision on the cancellation of a $400 million loan, which the Asian Development Bank (ADB) has extended for installation of smart electricity meters, due to divergent views of the concerned ministries.