Nepal Infrastructure Summit to emphasize a break from the past: Finance Minister Dr Wagle
Kathmandu, Nov 5: Finance Minister Dr Swarnim Wagle has stated that this year’s Nepal Infrastructure Summit is designed to move beyond mere adherence to tradition, aiming instead to initiate a significant departure from past practices.
Speaking at a press conference held in Kathmandu today regarding the Nepal Infrastructure Summit, Finance Minister Dr Wagle asserted that efforts are underway to establish a distinct brand for this summit. "We are for radical restructuring to drive policy and legal reforms within the infrastructure and investment sectors."
Stating that the government is actively pursuing comprehensive reforms across various domains, including the economy, legal systems, resource management, peace, and justice, he said that by prioritizing infrastructure development and implementing policy reforms, the government is working to give the nation a major, collective boost.
Likewise, Minister for Infrastructure Development Sunil Lamsal stated that the government is set to implement significant policy and legal reforms concerning infrastructure and investment.
Speaking at the press conference jointly organized by the Ministry of Infrastructure Development, the Confederation of Nepalese Industries (CNI), and the Federation of Contractors' Associations of Nepal (FCAN), Minister Lamsal clarified that the government aims to resolve the complex legal hurdles ahead of the infrastructure summit.
Minister Lamsal mentioned that the government plans to showcase the legal and policy reforms it has undertaken during the Nepal Infrastructure Summit. He further encouraged donor agencies to invest with assurance, emphasizing the existence of an investment-friendly climate in Nepal.
Alongside these policy and legal reforms, the government intends to put an end to delays in project implementation and other irregularities.


