Nepal Infrastructure Summit 2024 concludes successfully

KATHMANDU: The Nepal Infrastructure Summit 2024, jointly organised by the Government of Nepal, the Ministry of Physical Infrastructure and Transport (MoPIT), and the Confederation of Nepalese Industries (CNI), with support from the Office of the Investment Board Nepal (OIBN) and the Youth Community for Nepalese Contractors (YCNC), has successfully concluded.

At the closing ceremony of the fifth edition of the Summit on Friday, former Prime Minister Pushpa Kamal Dahal emphasised the critical role of physical infrastructure in Nepal's economic development. He mentioned that during the Third Investment Summit, the government reformed certain laws to create a favourable investment environment. Dahal expressed confidence that the government would adopt the Summit's recommendations and implement necessary improvements. He also praised the CNI's constructive role in economic development, viewing the Infrastructure Summit as a continuation of these efforts.

CNI President Rajesh Kumar Agrawal highlighted that the Summit covered topics such as sustainable infrastructure practices, innovative financial models, and the role of provincial and local governments in infrastructure development. He stated that the Summit provided clear suggestions on infrastructure development models, practical aspects for implementation in Nepal, and steps to ensure projects are economically, socially, and environmentally sustainable. These suggestions will be forwarded to the government to advance Nepal's sustainable development.

At the closing ceremony, CNI President Emeritus Binod Chaudhary, Secretary at the Ministry of Physical Infrastructure and Transport Keshav Kumar Sharma, and other dignitaries noted the valuable insights from both foreign and domestic experts on infrastructure development. MoPIT Secretary Sharma said the government would adopt the Summit's recommendations and take necessary initiatives for their implementation.

The title sponsor of the fifth edition of the Nepal Infrastructure Summit was BYD, with Shivam Cement as the co-title sponsor.

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