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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
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March 1: The private sector of Nepal has welcomed the endorsement of US-funded project Millennium Challenge Corporation (MCC) compact by the House of Representatives on February 27.
The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC.
Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country.
The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run.
Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal.
The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future.
Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates.
The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures.
Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added.
If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said.
The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity.
Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people.
The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The private sector is also confident that the 11-point descriptive note announced prior to the endorsement of the USD 500 million grant assistance would help dispel the misconceptions regarding the MCC. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that endorsement of MCC was an important landmark for the economic development and prosperity of the country, the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), the umbrella organization of business houses in Nepal, has expressed confidence that the MCC compact would now go into full implementation phase as per the agreement reached between the Government of Nepal and the MCC on September 14, 2017. The grant assistance would be utilized to construct and expand transmission lines and build and expand road networks in the country. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The FNCCI said in a statement that the private sector is confident that the timely completion of these projects of strategic importance would aid in economic growth of the country. The implementation of the MCC Compact would also help in revitalization of the post-COVID-19 economy and would open the door to export electricity in the long run. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Stating that various projects were accomplished under MCC in over three dozen countries across the world, the Federation was hopeful that the implementation of the MCC Compact would be helpful in Nepal. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The endorsement of MCC Compact would also send message across the world that Nepal had conducive environment for investment and more investment could be attracted to Nepal in the future. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Similarly, the Confederation of the Nepalese Industries (CNI) has expressed happiness over the endorsement of the MCC compact after long deliberations and debates. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation is confident that the projects proposed to be built under the MCC Compact would be implemented within the stipulated timeline thereby playing an important role in the development of infrastructures. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Also, the endorsement of the MCC Compact would help in taking the bilateral ties between Nepal and the USA to new heights and help increase mutual trust, CNI added. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the projects under the MCC Compact would be built within five years as mentioned in the agreement, it would be a model for Nepal in development management, the confederation further said. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The 400-kv transmission line from Lapsiphedi-Ratamate, Ratamate-Hetauda, Ratamate-Damauli-Butwal and sub-stations to be built and expanded under the project would be important for improvement of the Nepal's internal power transmission system and inter-country trade of electricity. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Furthermore, upgrading of Kapilvastu-Dang road section along the East West Highway would also be effective for economic development of those areas and is expected to uplift the lives of the people. </span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The confederation has appealed to the Government of Nepal, concerned provincial governments and local levels as well as the MCA Nepal to move forward the project by taking the affected locals in confidence. -- RSS </span></span></p>
<p> </p>
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