13 September 2024, Kathmandu
Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has emphasized the pivotal role of sustainable infrastructure in Nepal’s economic prosperity.
Nepal’s Prosperity in Sustainable Infrastructure
Speaking at the fifth Nepal Infrastructure Summit, he highlighted the need for long-term investments in this area.
Poudel noted that achieving prosperity requires adequate, high-quality, sustainable, and resilient physical infrastructure. He emphasized that the summit has successfully brought together policymakers, experts, and stakeholders to discuss the various dimensions of infrastructure development and its link to economic progress.
Key Points:
- Sustainable Infrastructure is Essential: Poudel stressed the need for modern, safe, and green infrastructure that aligns with 21st-century needs.
- Private-Public Partnerships: He emphasized the importance of private sector involvement and public-private partnerships to enhance capital mobilization for infrastructure projects.
- Climate-Sensitive Infrastructure: Poudel reiterated the need for infrastructure development to be sustainable, climate-sensitive, and green.
- Government’s Focus: The government has prioritized key infrastructure sectors such as transportation, energy, water resources, and information technology.
- Capital Expenditure and Financial Policies: The government is focused on increasing capital expenditure and introducing reforms to ensure efficient project execution.
- Infrastructure Development Bank: The government has established an infrastructure development bank to channel long-term capital into infrastructure projects.
- Government’s Commitment: Poudel reaffirmed the government’s commitment to achieving the national goal of “Prosperous Nepal and Happy Nepali” through sustainable infrastructure development.
Poudel’s statement underscores the crucial role of sustainable infrastructure in Nepal’s economic growth and development. By investing in this area, Nepal can create jobs, increase production, and improve the quality of life for its citizens.