Two significant projects featured in the Third Investment Summit, held on April 28 and 29, have garnered letters of intent, according to Ramesh Adhikari, joint spokesperson for Investment Board Nepal.
Soaltee Shivkrim Pvt Ltd, located in Tahachal, has submitted a letter of intent for the Janaki Heritage Hotel and Cultural Village project. The estimated cost for this project is Rs 2.35 billion. Investment Board Nepal has conducted a thorough study on this initiative, aiming to develop Janakpur as a prominent tourism destination and expand the region into an eco-tourism zone.
Similarly, Gansu-SS Landmark, operating from Blue Bird Mall in Kathmandu, has registered a letter of intent for the Babarmahal Administrative Plaza Project. Spanning across 30,021 square meters, this project is estimated to cost Rs 10.2 billion. The objective behind this project is to accommodate various government offices, as outlined during the Investment Summit.
During the summit, 19 projects were presented to attract investments. Investment Board Nepal has completed pre-feasibility studies for 12 of these identified projects and initiated preliminary development phases. The board has also extended the deadline for submitting letters of intent for these projects.
These initiatives underscore Nepal’s commitment to fostering economic growth through strategic investments in key sectors, aiming to enhance infrastructure and promote tourism across the country.
