KATHMANDU, Feb 16: The Commission for the Investigation of Abuse of Authority (CIAA) has stressed on the need for revising the existing Public Procurement Act to address the problems seen in the timely construction of the infrastructure projects.
NAYPYITAW, Jan 18: China and Myanmar inked dozens of deals on Saturday to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks to cement its hold over a neighbour increasingly isolated by the West.
One of the biggest ironies of Nepal’s budget system has been that while the country somehow manages to allocate budget for development of infrastructure projects, huge portion of such budget remains unspent, even frozen in some cases. During the pre-budget discussion period, leaders from local, provincial and federal spheres demand money for different development activities. The respective governments address their concerns too by allocating it for the development projects demanded by them.
Some Nepal Communist Party (NCP) leaders have been suspicious of 500 million dollar Millennium Challenge Corporation (MCC) grants provided to Nepal by the United States government. The grant is to be used for mega infrastructure projects like construction of transmission lines and building of highways.