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US Company to Carry out Detailed Study of Smart City Project in Kavre  

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US Company to Carry out Detailed Study of Smart City Project in Kavre  
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February 6: The Nepal Infrastructure Bank Limited (NIFRA) has reached an agreement with a US-based company, JLL, to carry out a detailed study of the market for a Smart City project in Panchkhal Municipality of Kavrepalanchok district. JLL has been given two months’ time for the work.    

NIFRA had reached an agreement with the municipality on July 27 to develop it as a smart city. A seven-point memorandum of an understanding was signed between the municipality and NIFRA in this regard. Mayor of the municipality Mahesh Kharel and NIFRA executive officer Ram Krishna Khatiwada had sighed the MoU.    

The public-private partnership project covering around 4,500 ropanis of land is estimated to cost approximately Rs 2 billion.    

After the study report by the JLL, NIFRA would carry out further works. A discussion has also been held with people's representatives, political parties, and concerned stakeholders to take the project forward.    

Mayor Kharel further informed that the municipality would assist in administrative works and land management for the project while NIFRA and its business partner would bear the cost of construction of infrastructures. -- RSS

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