Investment Board Nepal completes pre-qualification assessment of Rs 1.18 trillion worth of projects

Kathmandu, January 3

The Investment Board (IBN) has completed the pre-qualification process of 4 projects worth Rs .18 trillion that investors showed interest in at the Investment Summit held in March last year.

Among the projects whose pre-qualification process has been completed, IBN has already selected the to conduct the detailed (DFS) of the 756-megawatt Tamor Hydropower Project. Similarly, IBN has also inked the initial investment agreement with Korean Motrex to set up a and assembly plant project worth Rs 10.54 billion.

Of the 77 projects that the government had showcased at the country’s flagship Nepal Investment Summit held in March, investors had submitted expression of interest (EoI) for 31 different projects amounting to more than $25.3 billion. IBN today had organised a press conference to highlight the progress made in these projects.

Addressing the press conference, IBN’s Chief Executive Officer Maha Prasad Adhikari informed that the board is continuously inking pacts with investors who had expressed their interest in projects showcased at the investment summit.

Read the full article on The Himalayan Times.

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