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Machhapuchre Bank

Investors commit Rs. 2,500 billion for 31 projects

By Our Reporter
In less than a month after the government hosted the Investment Summit, Nepal has received 48 applications for 31 different projects having an estimated cost of Rs. 2,500 billion.
Until April 20, 2019, a total of 43 applications were received for 26 projects, which were showcased in the Nepal Investment Summit.
Five applications from prospective investors were received for five new projects, which were not presented at the Summit.
A total of 77 projects, including 27 projects from the private sector, were showcased in the Summit. The Nepal Investment Summit was held on March 29-30 in Kathmandu.
During the Summit, 16 Memorandum of Understanding were signed on the showcased projects whereas applications were received for 17 projects.
The government and the private sector showcased projects of seven sectors related to agriculture infrastructure, health and education infrastructure, energy infrastructure, industry infrastructure, tourism infrastructure, transport infrastructure and urban infrastructure.
Till the date, seven applications for five projects on the agriculture infrastructure, two applications for two projects on health and education infrastructure and eight applications for seven projects on energy infrastructure have been received.
Likewise, one application for a project of industry infrastructure, three applications for three projects of tourism infrastructure, 22 applications for nine projects of transport infrastructure and five applications for four projects of urban infrastructure have been received by April 20, 2019.

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