CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Swiss govt. provides CHF 19.4 million grant assistance

Kamana Poudel by Kamana Poudel
November 8, 2019
in Prime News
0
Swiss govt. provides CHF 19.4 million grant assistance
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, November 6: The Government of Switzerland has agreed to provide technical grant assistance of CHF 19.4 million (equivalent to Rs 2.1 billion) to the Government of Nepal to implement two programs in the country.

You might also like

Upper Tamakoshi sells electricity worth Rs 3.7 bln in 3 months

NRB tightens the screws on hire-purchase companies

Nepse loses 2.17 points, daily turnover drops to Rs 1.28 billion

Out of the amount, CHF 9.4 million will be spent for the implementation of Trail Bridge Sector Wide Approach Framework III, and CHF 10 million to implement the Provincial and Local Governance Support Programme (PLGSP).

More than 8000 trail bridges have been built in Nepal through the Swiss technical supports and funding supports from the Government of Nepal. As a result, over 18 million people have better access to services through safer river crossings. On average, more than 1.4 million people use trail bridges every day.

In the areas that are close to trail bridges that were built, the school attendance increased by 16% and visits to health centers increased by 26%) on average.

It is estimated that Nepal still needs an additional 2400 bridges to facilitate isolated rural people in Nepal to access services and to avoid a detour of more than 1 hour. The trail bridge program will assist the Government of Nepal to implement the Sector Wide Approach Framework III to achieve this target.

The program also sets precedence in the implementation of the Federal Constitution of Nepal, whereby most of the implementation will be championed by the Palikas; longer span bridges by Provinces, and bridges in international boundaries, signature bridges and international procurement by the Federal Government.

The PLGSP, a national flagship program is designed jointly by the Government of Nepal and Development Partners to enhance the capacity of provincial and local governments in delivering effective and efficient service to citizens.

The PLGSP will contribute towards strengthening provincial and local governance systems and procedures and inter-governmental relationships to maximize the benefits of cooperative federalism for Nepali citizenry.

Among others, the Programme will help clarify the roles and responsibilities of different spheres of government and strengthen local and provincial governments to function and fulfill those roles and responsibilities. Agreements to this effect were signed and exchanged between Elisabeth von Capella, Ambassador of Switzerland to Nepal and Rajan Khanal, Secretary, Ministry of Finance, on behalf of their respective governments today.

The Government of Nepal has expressed its sincere appreciation to the Government of Switzerland for the technical grant assistance to the rural transport infrastructure sector and watershed management, as well as its continued support in the socio-economic development of Nepal.

— RSS

Share30Tweet19
Kamana Poudel

Kamana Poudel

Recommended For You

Upper Tamakoshi sells electricity worth Rs 3.7 bln in 3 months

by CEO Tab
November 29, 2023
0
Construction of 216 MW Upper Trishuli-1 gains momentum

The Upper Tamakoshi Hydropower Project, of Lama Bagar, Bigu Rural Municipality–1 in Dolakha has sold electricity of around Rs 4 billion in the first quarter of the current...

Read more

NRB tightens the screws on hire-purchase companies

by CEO Tab
November 29, 2023
0
Interest rates not to change despite high demand for loans

Nepal Rastra Bank (NRB) has enforced stringent policy on hire-purchase loans by capping penal amounts and barring companies concerned to take service charges on such credit. Through the...

Read more

Nepse loses 2.17 points, daily turnover drops to Rs 1.28 billion

by CEO Tab
November 29, 2023
0
NEPSE down by 44 points, trading over Rs 3 billion

Nepal Stock Exchange (Nepse) on Tuesday slipped 2.17 points to close at 1,894.53 points. The secondary market opened at 1,896.67 points and hit the day’s high at 1,902.62...

Read more

Secretary-level meeting held in China to expedite works on Kathmandu-Kerung railway

by CEO Tab
November 29, 2023
0
China expedites study of Kathmandu-Kerung railway

Discussions have started between China and Nepal about the much talked about Kathmandu-Kerung inland railway.  A team including Keshav Kumar Sharma, Secretary of the Ministry of Physical Infrastructure...

Read more

SSF collects around Rs 45 billion from contributors in five years

by CEO Tab
November 28, 2023
0
SSF collects around Rs 45 billion from contributors in five years

The Social Security Fund (SSF) launched by the government five years ago has collected around Rs 44.86 billion from its contributors. A total of 9, 30,844 contributors have...

Read more
Next Post
Nepal’s all municipalities be associated with CityNet: VP Pun

Nepal's all municipalities be associated with CityNet: VP Pun

Related News

Rs 2 increment per liter in petrol, diesel

Rs 2 increment per liter in petrol, diesel

December 3, 2019
Revenue worth Rs 1.6 billion collected at Tatopani

Revenue worth Rs 1.6 billion collected at Tatopani

July 17, 2020
Kathmandu ranked 19th best tourist destination of the world

Kathmandu ranked 19th best tourist destination of the world

March 27, 2019

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete
CEO Tab

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents, in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of the commerce, trade and economy.

Editor

Manish Raj Poudel

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

CONTACT US

Old-Baneshwor | Kathmandu | Nepal

Phone: 01-4494842, 4116227

E-mail: info@ceotab.com

Website: ceotab.com

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.