Stories Tagged 'Asian development bank'
In an ambitious plan to connect the member states of BIMSTEC, foreign ministers from the seven-nation group identified and agreed on Wednesday to push forward 167 various connectivity-related projects at an estimated cost of $50 billion.full story »
A fleet of 17 high-tech, low-emission buses have been put on the streets of Kathmandu in a bid to reduce congestion and pollution as part of a project funded by the Asian Development Bank (ADB).full story »
Nepal Electricity Authority’s plan to replace overhead electric cables with power lines underground at two locations in the Kathmandu Valley has hit a snag. The project’s financier, Asian Development Bank (ADB), is threatening to pull back from the project if the power utility fails to wrap up the bidding process immediately and appoint contractors for the job.full story »
Nepal has received a $1 million grant from the Asian Infrastructure Investment Bank (AIIB) to upgrade its electricity transmission and distribution system under the Power Distribution System Upgrade and Expansion Project which will be implemented by the Nepal Electricity Authority (NEA).full story »
The Asian Development Bank (ADB) has remained Nepal’s key development partner since 1966. Over these years, the Manila-based multilateral lending institution has provided assistance totalling $5.25 billion. The ADB’s current portfolio in Nepal consists of 35 projects. full story »
Asian Development Bank (ADB) Vice-President Wencai Zhang met with Prime Minister of K P Sharma Oli during a two-day visit to Neplal.full story »