•      Mon Jul 22 2024

Letter of intent on two projects presented in Investment Summit received

Kathmandu, July 3: Letters of intent have been received for two projects that were showcased in the Third Investment Summit held here on April 28 and 29.

Investment Board Nepal’s joint-spokesperson Ramesh Adhikari said Soaltee Shivkrim Pvt Ltd, Tahachal presented the letter of intent for Janaki Heritage Hotel and Cultural Village and the Gansu-SS Landmark, Blue Bird Mall, Kathmandu registered the letter of intent for Babarmahal Administrative Plaza Project.

The estimated cost of the Janaki Heritage Hotel and Cultural Village Project is Rs 2.35 billion. The Investment Board Nepal had carried out a study on this project. A proposal on the construction of this project has been proposed in order to developing Janakpurdham as a major tourism destination and to expand this area as eco-tourism zone.

Similarly, letter of intent was called through the Investment Summit for the construction of the Babarmahal Administrative Plaza with the objective of housing various government offices. The project is spread over 30,021 square metres area and its estimated cost is Rs 10.2 billion.

The Board had extended the deadline for the call for letter of intent for the 12 various projects under its jurisdiction. It is said the pre-feasibility study of these identified projects has been completed and the works on initial phase for their development had been moved forward.

Various 19 projects were showcased in the Investment Summit for mobilizing investment.

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