International Monetary Fund (IMF), a global institution which develops the routes to connect and maintain the global economy has appreciated the steps that India took while framing the fiscal policy for 2012/13. Christine Lagarde, Managing Director of the IMF, who is in New Delhi and having discussion with high profile politicians, ministers along with senior government officials, appreciated the budgetary allocation of India.
Economics, finance, trade, investment, inclusive economic development and political economy of public policy
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Wednesday, March 21, 2012
Guidelines for selection criteria of investors on cards
The government will soon form a set of guidelines on selection criteria
of investors who will participate in the bidding for construction of the
much-awaited Kathmandu-Tarai Fast Track road project.
In this regard, the Ministry of Physical Planning and Works (MoPPW), which has undertaken the responsibility of building the six-lane 76-km track that links Kathmandu and Nijgad, has formed a six-member high-level committee under Birendra Bahadur Deuja, former director general of the Department of Roads (DoR).
The committee also comprises two external experts Ram Ayodhya and Hari Prasad Dhakal, both former division engineers of DoR, and Rajendra Nepal, director general of the DoR.
“We have informed the cabinet about the formation of the committee,” Tulsi Prasad Sitaula, secretary of MoPPW, told Republica on Wednesday. “We hope the cabinet will endorse it within a few days.”
The committee will be entrusted with the task of criteria for selection of investors for the project. According to Asian Development Bank´s 2008 estimate, the project will cost Rs 67 billion.
Sitaula, however, refused to disclose whether the committee will have the authority to select eligible investors.
Kathmandu-Tarai Fast Track is one of the prioritized projects of the government. Track opening works on 51 km of the 76-km expressway has already been completed. The government is planning to develop the project on build-operate-own-transfer (BOOT) model.
In this regard, the Ministry of Physical Planning and Works (MoPPW), which has undertaken the responsibility of building the six-lane 76-km track that links Kathmandu and Nijgad, has formed a six-member high-level committee under Birendra Bahadur Deuja, former director general of the Department of Roads (DoR).
The committee also comprises two external experts Ram Ayodhya and Hari Prasad Dhakal, both former division engineers of DoR, and Rajendra Nepal, director general of the DoR.
“We have informed the cabinet about the formation of the committee,” Tulsi Prasad Sitaula, secretary of MoPPW, told Republica on Wednesday. “We hope the cabinet will endorse it within a few days.”
The committee will be entrusted with the task of criteria for selection of investors for the project. According to Asian Development Bank´s 2008 estimate, the project will cost Rs 67 billion.
Sitaula, however, refused to disclose whether the committee will have the authority to select eligible investors.
Kathmandu-Tarai Fast Track is one of the prioritized projects of the government. Track opening works on 51 km of the 76-km expressway has already been completed. The government is planning to develop the project on build-operate-own-transfer (BOOT) model.