MCC projects resume as MCA-Nepal signs US $154.5 million transmission line deals
Summary
The MCC-Nepal has resumed projects with $154.5 million transmission line contracts signed to enhance Nepal's electricity infrastructure, signaling renewed US-Nepal cooperation.
Key Points
- MCC Nepal Compact has resumed with contracts worth US $154.5 million signed for electricity transmission projects.
- Contracts cover the installation of 180 km of high-voltage transmission lines connecting Ratamate-New Damauli and New Damauli-New Butwal.
- Contracts were awarded to Angelique-Skipper JV and Waiba-Salasar JV through international competitive bidding.
- The MCC Compact is a US-funded $697 million investment aimed at boosting Nepal's economic development through infrastructure and connectivity improvements.
