11th meeting of the Monitoring and Facilitation Committee held on Tuesday

KATHMANDU: The 11th meeting of the Monitoring and Facilitation Committee was held on Tuesday under the chairmanship of Minister of Finance and Vice Chairman of the Board of Investment Barsaman Pun.

In the meeting of the committee, the amount related to the leveling and transfer according to the price adjustment demanded from SAPDC, the developer company of Arun III Hydropower Project, the upgrading of the Khandbari-Dobhan road section of the Koshi Highway, which is used as the access road to the dam site of the Arun III Project, and the problem of compensation to the power house entrance route of this project from Chyangkuti to Didiṅ. 24.5 km, in addition to the Hongshi-Shivam Cement access road upgrading issues were discussed.

The meeting has decided to form a study committee under the coordination of the head of the revenue management division of the Ministry of Finance to study the issue of price adjustment. Also, it has been decided to give instructions to the relevant agencies to speed up the upgrading of the Khandbari-Dobhan road section, while it has been decided to manage the budget proposed by the relevant agencies for the upgrading of Hongshi Shivam Cement access road.

In that meeting, Joint Secretary of Investment Board Office Pradyumna Prasad Upadhyay gave a brief presentation on the implementation status of the decision of the 10th meeting and the agenda of the 11th meeting.

In the meeting, Mr. Sushil Bhatta, Chief Executive Officer of the Investment Board, expressed the view that the authority of the Monitoring and Facilitation Committee, which is a very important mechanism of the Board, its role in the implementation and facilitation of the project being very important.

Regarding the issues of facilitation of various projects presented in the meeting, Hon'ble Minister of Finance and Vice Chairman of the Board of Investment Barsaman Pun directed all the agencies responsible for the effective facilitation of the project to carry out the necessary work with speed.

The secretaries and joint secretaries of various ministries and employees of the Board of Investment participated in the meeting.