Nepal Partners with ADB for Major Infrastructure Projects
Nepal has signed agreements totalling USD 777.6 million with the Asian Development Bank. These agreements finance projects to improve water and energy infrastructure, including safe water supply for Kathmandu, enhanced electricity transmission, resilient development initiatives, and modernized irrigation to boost agricultural productivity.
- Country:
- Nepal
Nepal has signed loan and grant agreements worth USD 777.6 million with the Asian Development Bank to enhance its infrastructure in the energy and water sectors. The agreements were signed by Nepal's Finance Secretary Dr. Ram Prasad Ghimire and ADB's Country Director Arnaud Cauchois.
The infrastructure projects include a second phase of water supply improvements for the Kathmandu Valley and the South Asia Subregional Economic Cooperation (SASEC) Electricity Transmission and Distribution Strengthening Project, aimed at boosting Nepal's energy capacity and facilitating green energy exports.
The agreements also back the Green, Resilient, Inclusive Development (GRID) program and the Irrigation Modernisation Enhancement Project (IMEP), both targeting significant upgrades in infrastructure and environmental sustainability with a focus on increasing agricultural productivity.
(With inputs from agencies.)
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- Nepal
- ADB
- loan
- grant
- infrastructure
- water
- energy
- irrigation
- renewable
- development
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