ADB greenlights166 million package for urban infrastructure in nepal

18 Dec 2023 CW Team

The Asian Development Bank (ADB) has given the nod to a substantial $166 million package dedicated to advancing urban infrastructure projects in Nepal. This financial commitment signifies a major boost to Nepal's efforts in enhancing its urban landscape, addressing critical infrastructure needs, and promoting sustainable development.

The approved package by ADB underscores the international community's support for Nepal's urbanisation agenda. The substantial funds are earmarked for a range of infrastructure projects that aim to improve essential services, transportation networks, and overall urban resilience.

Nepal, with its diverse urban challenges, stands to benefit significantly from this financial injection. The ADB's strategic support aligns with Nepal's development objectives, offering a pathway to address the evolving needs of its urban population and create a foundation for long-term economic growth.

As Nepal continues to navigate the complexities of urban development, the ADB's financial package serves as a testament to the collaborative efforts in fostering sustainable and inclusive growth. The infusion of $166 million is expected to catalyse positive changes in Nepal's urban infrastructure, positively impacting the lives of its residents and contributing to the nation's overall progress.

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