Minister Koirala Asks WB To Invest In Large Projects

Minister Koirala Asks WB To Invest In Large Projects

Oct. 26, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -9 Oct. 25- 2013 (Kartik 08, 2070)

Finance Minister Shankar Prasad Koirala has requested the World Bank (WB) to increase its investment in large projects. The request has come at a time when the bank is devising a five-year country assistance strategy for Nepal.

At a meeting with WB Country Director Johannes Zutt, Koirala asked him to promote “qualitative investment” in Nepal, while praising the bank’s support to the government’s priority areas — infrastructure development, including hydropower sector.

On concerns over slow progress in the construction of the Khimti-Dhalkebar Transmission Line (KDTL) project in which the World Bank has pledged financial aid, Koirala assured he would initiate talks with stakeholders to speed up the work.

During the meeting, Zutt expressed dissatisfaction over repeated disturbances in transmission line extension projects. He complained that the project has not been completed even after 10 years since the construction began. The transmission line project will play a crucial role for the under-construction Upper Tamakoshi Hydro Power project.

More on Economy

The Latest

Latest Magazine

VOL 12 No.05, September 21, 2018 (Ashoj. 05, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.04, September 07, 2018 (Bhadra 22, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.03, August 17, 2018 (Bhadra 01, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.02, August 03, 2018 (Shrawan 18, 2075) Online Register Number: DOI 584/074-75