KATHMANDU, Aug 29: The Millennium Challenge Corporation (MCC) Compact is entering into full-fledged implementation from Wednesday.

KATHMANDU, Aug 4: Minister for Urban Development Sita Gurung has directed employees of the subordinate bodies to work in a way that ensures expected results.

KATHMANDU, Aug 4: Seventy-eight projects have submitted the self-monitoring report (SMR) to the Department of Environment under the Ministry of Forests and Environment.

KATHMANDU, May 25: Projects and enterprises have started submitting the environmental self-monitoring reports.

KATHMANDU, April 13: The Investment Board Nepal (IBN) has approved investment of Rs 167.59 billion for big projects proposed for development.

KATHMANDU, Dec 25: Big projects from now onward may not get the recognition of national importance unless they are ensured with the financial resources for investment.

KATHMANDU, August 20: The government is yet to get over Rs 100 billion in reimbursement, from its development partners for the spending made on various donor-funded projects and programs.

KATHMANDU, March 20: The government has recently provided the go-ahead to four projects worth Rs 5.58 billion that are related to energy production.

KATHMANDU, Jan 27: A total of 75 projects being constructed in Nepal with Indian assistance will be inaugurated this year.

KATHMANDU, Nov 9: The government has prohibited the consumer committees from being awarded with the contracts of development projects until new rules will come into effect.

KATHMANDU, Feb 15: The construction works of Khimti-2 Hydroelectric Project and Langtang Khola Hydroelectric Project (HEP) have come to a total halt as Chinese manpower have not returned to work due to the coronavirus outbreak in China.

KATHMANDU, Jan 18: Parliamentary Vice Minister for Foreign Affairs of Japan, Nakayama Norihiro, paid a two-day official visit to Nepal beginning Thursday.

ROLPA, Jan 11: A report has concluded that the budget provided to different co-operatives through the Ministry of Land Management, Agriculture and Co-operative of Province 5 has been misused.

KATHMANDU, Dec 19: Rural development projects financed and supported by the International Fund for Agricultural Development (IFAD) have contributed to increased agricultural productivity and incomes of smallholder farmers in Nepal, claimed a report prepared by the IFAD.

Away with CIDP

December 19, 2019 08:26 am

The Constituency Infrastructure Development Program (CIDP) has remained a controversial matter ever since it was started during the transitional politics. Its efficacy and transparency have always been under question. There have always been the reports of the elected leaders, who decide where they can spend the fund and how, misusing the state funds for the projects which they launch basically to fulfill the needs, also to warm the pockets, of their cadres instead of serving the needs of larger public.

State of local governance

November 18, 2019 09:06 am

Last month, some of us met visiting executive directors of the World Bank in Kathmandu. The fact that nine of 25 EDs came to Nepal demonstrated a level of curiosity the bank has about Nepal now. Nepal also seems to be increasing its engagement with the bank by entering into new loan agreements and starting new projects. Given the prevalence of both cost and time overrun in most of the projects in Nepal, one of the topics of discussion was “science of delivery”—how to improve the delivery of projects in Nepal.

KATHMANDU, Aug 13: Nepal Electricity Authority has earned more than Rs seven billion in the last fiscal year.

DHADING, July 22: Nilkantha Municipality of Dhading had allocated Rs 140.2 million for construction of roads and bridges during the last fiscal year. Among the priority projects of the local unit, a few have been completed while the fate of some others hangs in the balance.

KATHMANDU, May 26: The National Planning Commission (NPC) has finalized the standards for classification and separation of projects and programs to be implemented by three tiers of government in the new federal set up.

KATHMANDU, May 16: Carrying out mega projects without the approval of the  Environment Impact Assessment (EIA) report or in breach of the report will incur hefty fines for mega development projects or industrial ventures, following the endorsement of the Environment Protection Bill by  parliament.

KATHMANDU, May 12: National concern and coordination committee has decided to demand information with the concerned ministry and stakeholders relating to the status of four major projects and the challenges before their implementation.

KATHMANDU, May 4: The government’s policy and program unveiled ahead of the annual budget is supposed to give a clear direction to its activities and expenditure in the upcoming fiscal year. But the policy and program unveiled by President Bidya Bhandari on Friday lack anything as such, according to economists.

KATHMANDU, April 22: Investment Board Nepal (IBN) has said that it has received as many 48 applications for 31 out of 50 projects showcased during the recently held Nepal Investment Summit 2019.

Post-summit challenges

April 16, 2019 01:05 am

Foreign Direct Investment (FDI) is an effective instrument for promoting sustainable development in Least Developed Countries (LDCs) like Nepal. Realizing this fact, the government of Nepal has organized three investment summits so far. First was in 1992 following the restoration of democracy. The investors attending the summit had pledged investment of approximately $100 million, but only around 25 percent of the pledged amount was realized.

Post-summit thoughts

April 14, 2019 02:05 am

Before and even after Nepal Investment Summit 2019, there have been debates for and against such investment promotion event. Some claimed this is not the right time to organize the event when investment-friendly environment is still elusive in the country. Others went to the extent of saying that it would be a mistake to go for such summit without evaluating the achievement of 2017 summit.

Whose Investment Summit?

April 9, 2019 01:25 am

Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.

KATHMANDU, March 31: The two-day ‘Investment Summit 2019’ concluded on Saturday with the signing of 15 memorandums of understanding (MoUs) with and among various investors, in addition to investment commitments to 17 various projects.

KATHMANDU, March 30: Investors at home and abroad attending the 3rd Nepal Investment Summit have sought full implementation of Nepal government's commitment to put procedural reforms and policies for investment security, while expressing their excitements over favourable environment created for investment in Nepal.

Marshalling foreign investment

March 30, 2019 01:05 am

The government of Nepal has organized Nepal Investment Summit, only two years after holding a similar conference, with more than 600 delegates from foreign governments, multinational institutions and companies around the world. Government has showcased 77 projects with cost of US$ 33.6 billion, and the private sector has proposed 17 projects at $1.8 billion, making the conference price tag $36.4 billion.

POKHARA, March 29: Ten projects based in Kaski district are going to be showcased at the two-day Nepal Investment Summit to kick off on Friday.

KATHMANDU, March 25: Preparations for the Nepal Investment Summit 2019 scheduled for March 29-30 in Kathmandu have neared final stage.

KATHMANDU, March 17: Energy projects top the government priority for foreign direct investment (FDI) in terms of investment amount, according to the Investment Board Nepal (IBN).

KATHMANDU, March 15: Investment Board Nepal (IBN) has prepared a list of 50 projects for showcasing to foreign investors at the Nepal Investment Summit 2019 scheduled for March 29 and 30.

KATHMANDU, March 13: The government has forwarded a bill to parliament for bringing development projects of national priority under the supervision of the prime minister.

KATHMANDU, March 7: Nepal Infrastructure Bank Ltd has come into operation from Wednesday, aiming to generate finances for infrastructure projects. Minister for Finance Yuba Raj Khatiwada inaugurated the bank.

KATHMANDU, Feb 12: Eighth month of the current fiscal year is beginning on Wednesday. But the federal government is bringing projects, which were earlier handed over to provincial governments, under its ambit.

JHAPA, Feb 4: In an apparent move to consolidate his voter base, Prime Minister KP Oli has launched seven big projects worth billions of rupees in his constituency, Jhapa-5.

KATHMANDU, Dec. 21: Minister for Physical Infrastructure and Transport Raghubir Mahaseth has said that construction works of bridges would be monitored from the initial stages in the upcoming bridge projects.

KATHMANDU, Dec 17: The Nepal Electricity Authority (NEA) has in the first five months of the current fiscal year signed the power purchase agreement (PPA) with 52 hydropower projects.

Nepal, China agree to expedite past deals

December 14, 2018 08:03 am

KATHMANDU, Dec 14: Nepal and China have agreed to expedite the implementation of past agreements and understandings and prioritize projects under bilateral co-operation.

KATHMANDU, Dec 3: Amid growing malpractices in the procurement of equipment, goods and services in mega infrastructure projects, the Commission for the Investigation of Abuse of Authority (CIAA) has circulated a 14-point work plan to all the ministries and agencies concerned in an attempt to end such misconduct.

KATHMANDU, Oct 3: The new leadership of Federation of Contractors’ Association Nepal has started lobbying to protect Pappu Construction Pvt Ltd -- a construction company that has left different development projects, mostly bridges, in limbo causing cost and time overruns.

Nepal Army must exercise transparency

September 20, 2018 02:00 am

The list of projects constructed by national army is long. It has constructed 1,030 kilometres of road in different parts of the country, particularly linking north-south remote parts of Nepal to the rest of the country.

KATHMANDU, Sept 19: Minister for Finance Yuba Raj Khatiwada has said that the central government is going to be under ‘double stress’ as the central government has to devolve resources as conditional grants for implementation of some projects but local level governments are not willing to construct them.

KATHMANDU, Sept 13: Prime Minister KP Oli has said that Nepal will select projects and programs under any bilateral, regional and multilateral forums based on country's needs and priorities.

SINDHUPALCHOWK, Sept 10: Almost 90 percent of the drinking water projects, devastated by the 2015 earthquake in Sindhupalchowk district, have been so far complete.

KATHMANDU, Aug 3: Most of the projects financed by the Asian Development Bank (ADB) continued to move on a slow pace in the second quarter of 2018.

KHOTANG, Aug 1: Mayor of Diktel Majhuwagadhi Municipality of Khotang claimed that 95 % of the projects conducted by the municipality in the Fiscal Year 2017/18 were successful.

JAJARKOT, July 24: More than 400 drinking water projects in Jajarkot district are said to be in the lurch. These projects were constructed since the last 10 years.

KATHMANDU, July 19: Nepal and India have agreed to address the difficulties faced by various Indian-funded projects in Nepal to ensure their timely completion.