MoU on Integrated Agriculture Infrastructure Project with Province 1

BIRATNAGAR: On January 13, 2020, the Office of the Investment Board Nepal (OIBN) held an interaction program with Province 1 on how OIBN can collaborate with the province to develop and promote Public Private Partnership (PPP) projects. At the interaction, Honorable Chief Minister of Province 1 Mr. Sher Dhan Rai said that the province would like to work closely with OIBN on project development and investment promotion. He also requested OIBN support to organize an investment summit in Province 1. “We want to focus on the economic development of the province, and I hope that IBN can assist us in our efforts,” he said. He further said that Province 1 would like to formalize its relation with IBN for longer-term collaboration and cooperation. “We will be happy to sign a MoU with IBN to formalize IBN support in the province,” he said.

Speaking on the occasion, National Planning Commission (NPC) Vice-Chair Honorable Dr. Pushpa Raj Kandel said that the country will benefit from moving infrastructure projects under PPP modality forward. “We have immense resources, and we can partner with private sector to accelerate our economic development,” he said. Similarly, OIBN Chief Executive Officer Mr. Maha Prasad Adhikari said that IBN is deeply committed to supporting the province to develop potential projects and promote investment. He also expressed OIBN’s commitment in supporting the province to organize investment-related events. “IBN is always ready to support the province by providing expert services in organizing an investment summit,” he said.

During the program, Provincial Planning Commission Vice-Chair Honorable Mr. Subodh Pyakurel highlighted the economic potential of Province-1 and solicited IBN support in preparing a project bank for the province. The program was attended by honorable ministers and secretaries from Province 1 and all other high-level representatives from provincial authorities. On the occasion, OIBN CEO Adhikari handed over necessary documents, including a Request for Proposal (RFP) related to an integrated agriculture project to the province Principal Secretary Mr. Suresh Adhikari.