The American aid project Millennium Challenge Corporation (MCC) is going to provide additional aid amounting to 6.80 billion rupees.
It has been implemented since August 2080 with American grant and cost sharing of Nepal government. The MCC Board of Directors announced today that it has been decided to provide the amount for projects under MCC worth 92 billion rupees.
'Millennium Challenge Corporation (MCC) Board of Directors has approved an additional five million US dollars for Nepal Compact. This decision of the board emphasizes the common commitment between MCC and the Government of Nepal to implement Nepal's development priorities through transformative, high-quality infrastructure projects,' said the press release issued by MCC.
It is stated in the statement issued by Cameron Alford, Vice President of MCC Compact Operations, that this additional aid amount will contribute to strengthening Nepal's electricity transmission, long-term economic growth as well as ensuring the success of the Compact.
Under the MCC project, a 400 KV double circuit 315 km power transmission line will be built. A transmission line will be built through Lapsiphedi in Kathmandu and Ratmatema substation in Nuwakot, Makwanpur, Dhading, Tanahun, Palpa, Chitwan, Nawalparasi to Maheshpur in India. After the construction of the transmission line, it will be possible to exchange three thousand megawatts of electricity between Nepal and India.
