He said that the Investment Board, in collaboration with the Confederation of Nepalese Industries, has recently prepared a pipeline of PPP projects worth US$100 billion and has started taking them to investors with the aim of implementing them within the next ten years.
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Sushil Gyawali, the outgoing CEO of Investment Board Nepal, has said that the Investment Board has established its role in investing in large projects of long-term importance in Nepal.
At a farewell program organized at the board's office, he said that the Investment Board has approved projects worth about 1.7 trillion rupees so far and has received investment proposals from investors to invest in projects worth about 2 trillion rupees, so it is necessary for the board to move forward with large investment projects.
He said that the Investment Board has recently prepared a pipeline of PPP projects worth 100 billion US dollars in collaboration with the Confederation of Nepalese Industries and has started taking them to investors with the aim of implementing them within the next ten years, and this will contribute significantly to bringing the size of Nepal's economy to 100 billion dollars within the next five to seven years.
According to the Investment Board, out of the 53 projects approved by the Investment Board so far, 2 projects with an investment of 58.81 billion rupees have been completed and are in the production phase, 28 projects with an investment of 598 billion rupees are under construction, and 10 projects worth 100 billion rupees are under construction. Two projects with an investment of Rs. 255 billion have entered the implementation stage with financial management, while 11 projects with an investment of Rs. 555 billion are in the 'Project Development Agreement' stage, and 5 projects with an investment of Rs. 84 billion are being studied in detail by the relevant investors.
Outgoing Chief Executive Officer Gyawali informed that projects worth about Rs. 500 billion have reached the implementation stage during his tenure, and the Board has prepared the basis for achieving the goals set for investment.
Similarly, the Board has prepared the working procedures for the Single Point Service Center, the working procedures for the Swiss Challenge, the working procedures for fund operation, the working procedures for land acquisition, the working procedures for expert mobilization, the blueprint for public-private partnership for the provincial and local levels, the working procedures for the hybrid annuity model, and has also prepared a draft amendment to the Act for the single-door approval system.
Stating that the foundation has been laid to make the Investment Board financially, administratively and legally autonomous, Gyawali said that he will continue to contribute his best in the coming days to create an environment for investment.
