Investment Board informs 31 projects out of 77 receive investment proposals worth more than 250 billion rupees

Kathmandu, April 21: The investment board has claimed that the effects of the investment summit held on March 29 and 30 have started to appear.

Organizing a press meet at the office today, Chief Executive Officer of the Investment Board Maha Prasad Adhikari said there have been applications in 31 different projects among 77 projects presented in the summit. The investment promises made have amounted to 250 billion rupees.

Chief Executive Officer Adhikari further said most of the investment proposals have been forwarded for infrastructures, energy, and urban development.

He added that in the first phase decisions will be taken for 27 projects within the coming three months and in the second phase the investors for 17 different projects will be selected within the coming nine months. Similarly, in the third phase, investors will be selected for another 14 projects.

The board has also constituted a six-member committee including a member from the office or the PM and council of Ministers and ministry of Infrastructure development each. The committee is led by a secretary and will look after the implementation of the project contract.