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All federal, provincial and local governments directed to invest in tourism infrastructure

CEO TAB by CEO TAB
August 18, 2020
in Prime News
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Kathmandu, August 17 : It is now imperative for all three levels of governments to jointly invest in tourism infrastructure development projects. According to the Tourism Infrastructure Construction and Tourist Product Development Joint Project Framework 2020, recently issued by the government, the federal, provincial and local governments need to invest jointly in any such project in any particular area.

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The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) says that it can be proposed with the completion deadline of three years and the investment amount ranging from Rs 10 million to Rs 300 million.

For the development of the projects, provincial governments and metropolitan cities are required to invest 50 per cent of their total cost.

Likewise the sub-metropolitan cities will have to contribute 40 per cent for the same, whereas the municipalities and rural municipalities need to invest 30 per cent. The remaining investment will be borne by the federal government.

These state agencies can apply for developing the tourism infrastructure projects related to parks, tourist bus stations and home stay facilities, among others. Similarly, other such projects might well pertain to lake conservation; renovation of religious, cultural and historical places; adventurous trails; and spiritual and yoga promotional activities

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