You are viewing the translated version of परियोजना लगानी.
Section 9
Project investment
(1) Regardless of what is written in the existing law, the investment required for the implementation of any of the following projects shall be implemented in accordance with this Act:-
(a) Expressway designated by the Government of Nepal ( fast track roads), tunnels, railways, rope-ways, trolleybuses,
(b) Investments in the construction of international and regional airports and investments in the modernization and management of existing airports,
(c) Investments in waste management and processing plants in urban areas,
(d) Investments in chemical fertilizer manufacturing plants,
(e) Investments in petroleum refinery plants,
div>(f) Investments in the construction of large bridges specified by the Government of Nepal,
(g) Investments in banks and financial institutions established with more than ninety one percent foreign investment or investments in the establishment and operation of insurance or reinsurance companies,
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(h) Investments in medical colleges and hospitals or nursing homes with modern facilities of more than 300 beds,
(i) Investments in hydropower generation projects with a capacity of five hundred megawatts or more,
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(j) investment in the construction of special economic zone, export promotion or export processing zone, special industrial zone or information technology park,
(k) fixed capital with a project cost of ten billion rupees or more Investment in any infrastructure structure or service industry,
Explanation – For the purpose of this section, “infrastructure structure or service industry” means any industry considered as construction industry, mineral industry, tourism industry, aviation industry.< /div>
(l) foreign investment in any productive industry with a fixed capital of ten billion rupees or more project cost,
(d) mentioned in clauses (a) to clauses Investments to be made in other priority areas designated by the Government of Nepal.
(2) Notwithstanding anything written in sub-section (1), complaints of any kind of hindrance, obstacle or discouragement in the process of any other investment in accordance with the prevailing law shall be received before the board. In case of such investment, the board may take the necessary decision and give instructions to the relevant body to do so accordingly.