First Business News Portal in English from Nepal
KATHMANDU: The Millennium Challenge Account Nepal (MCA-Nepal) Development Board has said that all moveable and immovable property acquired by it will remain under the government of Nepal and not the Millennium Challenge Corporation (MCC).
Issuing a statement on Sunday, MCA-Nepal Development Board clarified the issue amid media reports in connection with the land acquired for the construction of a power sub-station at Ratmate in Belkotgadhi Municipality-7 of Nuwakot.
“The land acquisition of 398 ropanis required for Ratamate power sub-station is done as per the Land Acquisition Act, 1977, with the investment of the GoN and grant assistance of MCC,” the statement read. “Nepal Electricity Authority (NEA) would also utilize the land to build another substation in the future,” it added.
The MCA-Nepal Development Board stated that it acquired 195 plots of land belonging to 102 households after compensating landowners for the land and structures built on those lands in accordance with the existing laws of Nepal and international environmental guidelines and standards.
The MCA-Nepal Development Board, as Nepal government’s authoritative body, is overseeing the construction of the substation in Nuwakot.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
© Copyright 2020. FiscalNepal.com. Website Design and Developed by Genesis Web Technology