19.1 C
Sunday, October 24, 2021
    Nepal Breaking NewsGeneral NewsAny movable or immovable property acquired as part of the MCC project...

    Any movable or immovable property acquired as part of the MCC project would remain the property of the Nepalese government.

    Must Read

    The Millennium Challenge Account Nepal (MCA-Nepal) Development has stated that all property acquired by it will be retained by the government, not the Millennium Challenge Corporation (MCC).

    MCA-Nepal Development Board a statement Sunday clarifying the matter following media allegations regarding land bought for the construction of a power substation at Ratmate in Nuwakot’s Belkotgadhi Municipality-7.

    - Advertisement -

    β€œThe purchase of 398 ropanis required for the Ratamate electricity sub-station is being carried out in accordance with the Land Acquisition Act, 1977, with the Government of Nigeria investing and MCC providing grant assistance,” the statement stated. β€œNepal Electricity Authority (NEA) would also use the property in the future to construct another substation,” it added.

    According to the MCA-Nepal Development Board, it purchased 195 plots of land belonging to 102 people compensating landowners for the land and structures built those areas in conformity with Nepalese law and international environmental norms and standards.

    - Advertisement -

    The MCA-Nepal Development Board, as the competent body of the Nepal government, is supervising the construction of the Nuwakot substation.

    You May Also Like


    Please enter your comment!
    Please enter your name here

    Latest News

    Nyadi Hydropower’s IPO Allotment Concludes

    The initial public offering (IPO) of Nyadi Hydropower Limited has been completed today at the Naxal office of issue...

    More Articles Like This