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November 10: The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has decided to re-forward the proposal to build a five star hotel at Tribhuvan International Airport (TIA) to the Cabinet. The ministry has recommended the government to lease the land and build the hotel under the Build Own Operate and Transfer (BOOT) model.
The ministry had earlier approached the previous government with the same proposal. “For the fundamental agreement to provide the land on lease we are preparing to re-forward the proposal at the next meeting of the cabinet,” said MoCTCA secretary Dinesh Kumar Thapaliya.
The ministry will also provide reports on the technical and financial aspects of the proposed project. The proposed site for the new hotel is owned by the Civil Aviation Authority of Nepal (CAAN).
According to Thapaliya, the hotel will be built, owned and operated by a private company and its ownership will revert back to CAAN after a period of 30 years.
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