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    • {"id":22035,"date":"2019-08-19T14:51:02","date_gmt":"2019-08-19T09:21:02","guid":{"rendered":"https:\/\/www.nepalisansar.com\/?p=22035"},"modified":"2019-08-19T14:51:02","modified_gmt":"2019-08-19T09:21:02","slug":"nepal-infrastructure-bank-marks-its-first-investment","status":"publish","type":"post","link":"https:\/\/www.nepalisansar.com\/government\/nepal-infrastructure-bank-marks-its-first-investment\/","title":{"rendered":"Nepal Infrastructure Bank Marks Its First Investment"},"content":{"rendered":"

    In a major boost to infrastructure<\/a> in Nepal, the Nepal Infrastructure Bank<\/a> (NIB) has begun investing in projects.<\/p>\n

    As a first, the bank has made an investment of NPR 5.8 billion in the 32-Mw Karuwa-Seti hydropower project in Kaski district\u2019s Machhapuchhare Village Municipality.<\/p>\n

    The project is financed by an association of banks under the NIB, which will be investing a total of NPR 4.06 billion. The NIB will be investing the remaining cost of NPR 1.5 billion.<\/p>\n

    According to the NIB, the Karuwa-Seti hydropower project will be co-led by Himalayan Bank and Sanima Bank, who will be collectively contributing NPR 2.56 billion.<\/p>\n

    A NIB official shared that the bank has several projects in the waiting and will soon sign agreements for five major projects.<\/p>\n

    \u201cWe will very soon sign investment pacts to construct a star rated hotel and another hydropower project,\u201d said the NIB official<\/span>.<\/p><\/blockquote>\n

    About the NIB<\/h3>\n

    \"About<\/p>\n

    The Nepal Infrastructure Bank received an operation license from Nepal Rastra Bank to conduct financial transactions on February 10, 2019<\/a>.<\/p>\n

    The specialized infrastructure back was started with the aim to bridge increase infrastructure funding with support from the domestic and international market including blended financing.<\/p>\n

    It was established with funding from the government, various commercial banks, insurance firms, microfinance companies, private businesses and a group of entrepreneurs.<\/p>\n

    The bank received 90 percent investment from the private sector and 10 percent from the government.<\/p>\n

    The NIB covers projects including agriculture, advanced urbanization infrastructure, construction and development of transportation, energy, information technology and special economic zones among several other areas.<\/p>\n","protected":false},"excerpt":{"rendered":"

    In a major boost to infrastructure in Nepal, the Nepal Infrastructure Bank (NIB) has begun investing…<\/span><\/p>\n

    Read more<\/a><\/div>\n

    <\/p>\n","protected":false},"author":761,"featured_media":22036,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7042,10004,3],"tags":[13626,13627,11771,13628],"yoast_head":"\nNepal Infrastructure Bank Marks Its First Investment<\/title>\n<meta name=\"description\" content=\"In a major boost to infrastructure in Nepal, the Nepal Infrastructure Bank (NIB) has begun investing in projects.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepalisansar.com\/government\/nepal-infrastructure-bank-marks-its-first-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepal Infrastructure Bank Marks Its First Investment\" \/>\n<meta property=\"og:description\" content=\"In a major 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