Investment Board Approves Investment For 30 Projects Worth Rs. 1 Trillion

March 21, 2022 | Investopaper

The Investment Board has so far approved Rs 1 trillion for 30 projects. The Board, set up to raise capital for large projects, has sanctioned the amount for projects including hydropower, cement, manufacturing industries, vehicle production, industrial parks, roads and logistics.

The board has approved Rs 63.72 billion for the Upper Tamor project, Rs 33.41 billion for the Manang Marshyangdi project and Rs 10.53 billion for the Jumkhola project. Similarly, Rs. 62.26 billion has been sanctioned for capital increase of Arun III project and Rs. 9.68 billion for capacity expansion of Dabur Nepal. 144 billion in Arun III, Rs. 73.15 billion in Upper Trishuli-1, Rs. 115 billion in Upper Karnali, Rs. 78.30 billion in Upper Marsyangdi-2, Rs. 37.35 billion in Hongsi Cement, and Rs 14.84 billion for Huaxin Cement.

Likewise, the board has approved investment of Rs 64.90 billion for Nepal China Friendship Industrial Park, Rs. 32.50 billion for the expansion of  Dang Cement, Rs 15.06 billion for Samrat Cement and Rs 156.80 billion for 1,200 MW West Seti Hydro Project.

The projects with an investment of more than Rs 6 billion fall under the jurisdiction of the Investment Board. The Board has so far sanctioned investment for two and a half dozen projects while a dozen projects are in the pipeline waiting for the approval. Major projects including Muktinath Cable Car, Nijgadh Second International Airport, construction of outer ring road of Kathmandu, Multimodal logistics park, Dhulikhel Medicity etc. are in the process of approval.

The Investment Board is the body responsible for attracting large investments in public-private partnerships and foreign investment projects. The chairman of the investment board is the prime minister and the vice-chairman is the finance minister. 

Projects Approved By Investment Board

Project  Total Investment (In Rs. ‘Billion’)
West Seti Hydropower 159.04
Upper Marshyangdi-2 Hydropower 78.3
Upper Trishuli-1 Hydropower 73.15
China-Nepal Friendship Industrial Park 64.9
Upper Tamor Hydropower 63.87
Arun-3 Hydropower – Capital Increment 62.26
Dangote Cement 56.28
Reliance Cement 39.67
Hongshi-Shivam Cement 37.35
Manag Marshyangdi Hydropower 33.41
Dang Cement Industries 32.5
Kaligandaki Gorge Hydropower 28.06
Grid Connected Solar Photo Voltaic Plus Battery Storage 21.88
Ghunsa Khola Hydropower 17.62
Samrat Cement 15.06
Huaxin Cement Cement 14.82
5-Star Hotels 13.98
Isuwa Khola Hydropower 13.57
Marshyangdi Besi Hydropower 11.77
Himchuli Dordi Hydropower 10.61
Vehicle Manufacturing and Assembly Plant 10.54
Jum Khola Hydropower 10.5
Dudh Khola Hydropower 10.43
Myagdi Khola Hydropower 10.31
Upper Trishuli-3B Hydropower 8.22
Aankhu Khola Hydropower 6.3
Kathmandu Solid Waste Management (Package I) 4.87
Kathmandu Solid Waste Management (Package II&III) 0.79
Venture Waste to Energy, Dharan 0.24


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