July 28: Panchkhal Municipality has signed a Memorandum of Understanding (MoU) with the Nepal Infrastructure Bank Limited (NIFRA) to move ahead with the development, construction and implementation of well-equipped urban infrastructure in the municipality through public private partnership. 

Mayor of Panchkhal municipality Mahesh Kharel and Chief Executive Officer of NIFRA Ram Krishna Khatiwada signed the agreement on Monday, July 26. 

According to the press statement, with the signing of the agreement, the bank will help the municipality with technical and economic feasibility study required for project development, financial and technical analysis, detailed project report, market sounding of the project, assistance required for selection of consultants and developers and other cooperation required to decide the structure of investment.