Nepal: Urban Infrastructure Investment Project

GRANT SUMMARY INFORMATION

SPECIAL FUND TYPE

PPSF Grant

MEMBER

Nepal

SECTOR

Urban

FINANCING

APPROVED AMOUNT

USD1,000,000

TIMELINE

APPROVAL DATE

November 17, 2017

DESCRIPTION

The proposed project will improve provision and quality of key infrastructure and basic services in the participating municipalities of Nepal’s Terai region, which is a key element of the National Urban Development Strategy. The purpose of this grant is to conduct preparatory activities to help prioritize investment projects within target municipalities, finalize important design features, and ensure readiness of the project for implementation. The project preparation grant will specifically support consultancy services to support design of the project, preparation of the detailed designs of the infrastructure to be financed under the project, fiduciary, environmental and social assessments, and procurement advisory.

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ABOUT AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

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