Vice Presidents of MCC coming to Nepal today

Kathmandu : Fatema Sumar, Vice President of the US Government Millennium Challenge Corporation (MCC) and Jonathan Brooks, Vice President of the United States are coming to Kathmandu from Qatar on Thursday morning on a four-day visit to Nepal.

The MCC’s visit at this level is viewed with interest and importance after the bilateral agreement on the Millennium Challenge Corporation (MCC) between the Government of Nepal and the US Government Millennium Challenge Corporation (MCC) four years ago in August to reduce poverty and sustainable socio-economic development.

The agreement was signed between the MCC on behalf of the US government and the Ministry of Finance on behalf of Nepal.

The visit is being watched with interest in the political circles as well as at the grassroots level over the Rs 50 billion assistance received from the United States as a grant for the implementation of road infrastructure, power transmission line construction and other physical infrastructure development projects in Nepal.

However, they are coming to Nepal to get information about the procedural progress of the MCC project.

The previous KP Sharman Oli led government had recognized the MCC-assisted project as a project of national pride, approved an environmental impact assessment and gave priority to land acquisition and construction of cross-border transmission lines.

The project, which has an agreement with the common goal of promoting Nepal’s economic development and poverty alleviation, includes the construction of a 318-kilometer transmission line with a capacity of 400 kilovolts and three high-capacity substations.

While in Nepal, the delegation led by Vice President Sumar is scheduled to hold separate meetings with Prime Minister Sher Bahadur Deuba, Finance Minister Janardan Sharma and Energy, Water Resources and Irrigation Minister Pampha Bhusal.

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