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<p>Out of the total investment, 31 percent (Rs 76.10 million) has been allocated for urban development and drinking water. In the energy sector, ADB has allocated more than Rs 60 billion, which is equal to 25 percent of the investment. Similarly, 19 per cent of the investment that is Rs 45.30 billion has been allocated for transportation sector. Nine percent (Rs 23 billion) has been allocated in agriculture and natural resources. In the education sector, ADB has allocated Rs 14.1 billion and in the reconstruction Rs 20.30 billion. Apart from this, Rs 5 billion has been invested in other areas.</p>
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February 26: Asian Development Bank (ADB) has invested Rs 204 billion in Nepal. The investment has been made in 35 areas including agriculture, infrastructure, energy, transportation, education, urban development and reconstruction.
Among the 35 projects, the works related to 12 projects is near to completion. Similarly, the works of 18 projects are underway and five projects have just started.
Mukhtor Khamudkhanov, country director of ADB Nepal, said that ADB will collaborate with local levels to complete the projects on time.
“All our projects are based on local levels, so we are planning to collaborate with the local levels,” says Khammudhkanov.
Out of the total investment, 31 percent (Rs 76.10 million) has been allocated for urban development and drinking water. In the energy sector, ADB has allocated more than Rs 60 billion, which is equal to 25 percent of the investment. Similarly, 19 per cent of the investment that is Rs 45.30 billion has been allocated for transportation sector. Nine percent (Rs 23 billion) has been allocated in agriculture and natural resources. In the education sector, ADB has allocated Rs 14.1 billion and in the reconstruction Rs 20.30 billion. Apart from this, Rs 5 billion has been invested in other areas.
According to the investment review meeting of ADB, it is challenging for ADB to complete the projects on time due to unstable systems and lack of clarity at the policy-making level in Nepal. ADB has been facing lots of challenges in the project of Tribhuvan International Airport and Gautam Buddha Airport.
The government says that it has been working with the donors to complete the projects on time. In the investment review meeting, Finance Secretary Shankar Adhikari said that government will help the ADB to utilise its time and investment properly by completing the projects on time.
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<p>Mukhtor Khamudkhanov, country director of ADB Nepal, said that ADB will collaborate with local levels to complete the projects on time.</p>
<p>“All our projects are based on local levels, so we are planning to collaborate with the local levels,” says Khammudhkanov.</p>
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