Stories Tagged 'Asian development bank'
Such state-sponsored chicanery has very serious implications on policy formulation
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Nepal’s economy is expected to grow 5.5 percent in the current fiscal year 2018-19, down from 5.9 percent a year earlier, according to the Asian Development Bank (ADB) Nepal Macroeconomic Update released on Wednesday.
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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.
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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).
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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.
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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).
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