Kathmandu, July 15
Deputy Prime Minister and Finance Minister
Bishnu Prasad Paudel said that the government will mobilise alternative
development finance for the construction of major infrastructure projects such
as airports and railways.
Responding to questions raised by Members
of Parliament in the House of Representatives regarding the mobilisation of
alternative development finance on Tuesday, Minister Paudel said that the
Alternative Development Fund would be utilised for energy development,
electricity generation, transmission, and distribution.
He also informed that the fund would be
used for road construction, tunnel construction and expansion, and the
development of industrial infrastructure.
DPM Paudel also mentioned that the fund
would also be channelled into urban development infrastructure, the
establishment and operation of data centres, as well as the construction and
operation of cable cars and podways.
He expressed confidence that investment
from both domestic and foreign sources in large-scale, high-return projects
would help resolve the resource constraints facing infrastructure development.
The government has presented a bill on the
mobilisation of alternative development finance in the Parliament with the aim
of securing resources for projects of national priority, bridging the
investment gap in public infrastructure, and covering the financing shortfall
in projects that traditional financial sources cannot support.
Amid rising public debt, the objectives of
the new policy include attracting private capital into the infrastructure
sector, reducing pressure on public borrowing, promoting employment, ensuring
long-term investment in infrastructure, and supporting sustainable development.
Published in The Rising Nepal daily on 16 July 2025.
No comments:
Post a Comment