Sunday 17th October 2021

Projects Worth Billions Await Investment Board’s Approval

Nepal’s development projects continue to remain in the pipeline
Government

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Projects Worth Billions Await Investment Board’s Approval

The Investment Board Nepal (IBN) is yet to approve projects valued at about NPR 400 billion.

The IBN stated that it already gave the nod to projects worth NPR 136 billion, and the annual report for the current fiscal year 2020/21 has been submitted to the incumbent Prime Minister.

Sources stated that Damak Industrial Park, Dang Cement, and Samrat Cement are about to be approved.

 

They also indicated that the board was inclined to approve Arun-III Hydropower Project and Huaxin Cement.

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