Kathmandu, Nov. 5
The Ministry of Infrastructure Development and Confederation of
Nepalese Industries (CNI) are organising Nepal Infrastructure Summit on
December 9-10 this year as a public-private partnership initiative to attract
domestic and foreign investment in infrastructure projects.
At the summit, the government will inform domestic and foreign
investors about the legal and other reforms introduced to create a favourable
investment environment in Nepal. It will particularly seek to encourage
domestic investors to invest in infrastructure development, said Finance
Minister Dr. Swarnim Wagle at a press meet organised in Kathmandu on Thursday.
The summit will also showcase bankable infrastructure projects, with
preparations underway to sign investment agreements for some of them.
"We want to own the summit and walk
together with the private sector. A total of 69 acts and 500 articles are being
amended. It's an omnibus act for the legal reforms in the country," he
said.
The latest edition of the summit, which has been organised by the CNI
since 2014, will be jointly organised by the MoID, CNI and the Federation of
Contractors' Associations of Nepal. The Investment Board Nepal, the Federation
of Nepalese Chambers of Commerce and Industry, the Nepal Chamber of Commerce
and the Nepalese Young Entrepreneurs' Forum will serve as co-organisers.
Minister for Infrastructure Development Sunil
Lamsal said that several laws are in the phase of amendment, and drafts of 69
legal reforms are ready.
"We are not holding the summit to just
make announcement about the commitment of the Foreign Direct investment,"
he said. "We are showcasing legal reforms and creation. We want to send a
message that Nepal is favourable to all kinds of investments and has
environment for the protection of the investors and investment."
The summit will feature presentations and discussions on three major
areas of legal and policy reforms related to investment and infrastructure
development.
These include legal reforms through 69 bills and the modernisation
of the legal framework for investment and development, the National
Infrastructure Framework, covering the existing situation, has proposed plans
and a 10-year vision, and the development of effective implementation
mechanisms to address challenges currently faced by investors and those that
may arise in the future.
Informing about the summit, CNI President Birendra Raj Pandey said
that the summit aims to contribute to the country's overall economic
development and prosperity through the development of strong, sustainable and
resilient infrastructure.
During the two-day summit, around three dozen identified bankable
infrastructure projects will be presented to potential investors. Discussions
with domestic investors on the projects are also being held. So far, 23
projects have been identified, while additional projects will be identified and
selected during preparations for the summit, said Pandey.
The summit will feature in-depth discussions among domestic
investors, as well as national and international experts, across 12 thematic
areas, including infrastructure, energy, urban development and regional
transport. Prime Minister Balendra Shah will inaugurate the summit.
Speaking on the occasion, President of the FCAN Nicholas Pandey said that in order to achieve the
target of US$ 100 billion economy by 2035, travel from Mechi to Mahakali should
be reduced to 12 hours.
Presenting 3-6-9-12 formula, he said, "Travel
from Kathmandu to Chitwan and Pokhara should be completed in three hours,
Kathmandu to Kakarbhitta in six hours, Mahendranagar in nine hours and east to
west in 12 hours."
President of the FNCCI Anjan Shrestha said that
transportation infrastructure is the base for social and economic development. "We
need to develop workable and sellable projects to offer them to foreign
investors. The government should promote and motivate the domestic investors
while beginning the journey to development and prosperity," he said.
According to Shrestha, large foreign
contractors developing projects in Nepal should include Nepali companies as
joint ventures.
Similarly, Advisor of Prime Minister Balendra
Shah Asim Shah expressed commitment from the government and Prime Minister that
all facilitation would be extended to the private sector when needed and
demanded.
The government has spearheaded to implement
development to set course to prosperity, he said.
Minister for Law Sobita Gautam said that the government has been working to create an investment-friendly
environment by introducing new legislation and amending existing laws to
support infrastructure development and the broader economy.
Published in The Rising Nepal on 6 November 2026.