Kathmandu, Oct. 2
The Department of Urban Development and
Building Construction (DUDBC) handed over the newly built building of Citizen
Investment Trust (CIT) to the latter the other day.
Former Finance Minister Dr. Yuba Raj
Khatiwada had laid the foundation stone for the building, in six ropanis of
land at the eastern side of the International Convention Centre in New Baneshwor,
about two and a half years ago on the occasion of the 29th
anniversary of the CIT.
As per the contract between the DUDBC and
CIT, the former had tendered out the project to Sharma Roshan JV at the cost of
Rs. 90 million.
Executive Director of CIT Raman Nepal received
the building from Nawaraj Pyakurel, Director General of DUDBC.
CIT said that the new building would help the
company in providing swift and quality services to its customers.
CIT was founded in 1990 with the objective of ensuring broader
participation of general public in economic development, encouraging the
citizens to save, enhancing investment opportunities for raising capital,
opening up employment opportunities and bringing dynamism in the capital
market.
It is also working as a market maker in the capital market as well.
It has been collecting savings from diverse sectors under various
titles and schemes from the general public and employees from various firms and
organized institutions.
It has been promoting investment of such money.
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