Nepal government to expedite study for metro railway project
8 February 2013The Nepali government is set to take crucial decisions on expediting key infrastructure projects, including conducting a feasibility study for a Kathmandu metro railway.
The secretariat of the Nepal Investment Board (NIB) is submitting proposals on these projects during a meeting of its board of directors (BoD) scheduled for next week.
"The meeting will also discuss and probably take a decision to take the Kathmandu Metro Railway project forward," a source close to the Office of the Prime Minister and Council of Ministers (OPMCM) said in Kathmandu on 6 February.
According to the source, the meeting will give a nod to the secretariat to ask Nepal Metro Private Limited (NMPL) to develop a detailed proposal for a feasibility study on the project.
NMPL, a company that claims to have lined up international financing for a Kathmandu Metro Railway, had offered to develop the project in August 2012.
NIB--which was established more than a year ago to expedite the implementation of mega-projects in a fast-track mode--is developing a PDA (Project Development Agreement) template with the help of Herbert Smith, a legal advisor based in London.
