| RP |
Posted
on 08-Dec-01 09:50 PM
This is continued from Pyaro Nepal.
I am doing research in Nepal development projects. Because of 6500 character limit, below are only some of the Nepal development projects and their features I found from research and rest can be found at http://www.chakrapath.com 's message board and International Organization. Does anyone have more ideas in this field? Does anyone actually involved in this field? Does anyone have interest in this field? I appreciate your inputs, ideas and locating resources.
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1.IFC Equity
The technical partner of International Leasing & Finance Company Limited (ILFC) is KDB Capital, previously Korea International Leasing Company (KILC). KILC Capital was established in 1972 as South Korea's first leasing company and remains one of the country's largest. KDB Capital was formed in 1999 by the merger of KILC with Korea Technology Finance Corporation, another subsidiary of KDB. KDB Capital is now owned by the Korea Development Bank (KDB) (48%); Nippon Credit Bank (NCB) (40%); and local Korean companies, and employees. In recent years, KDB Capital has expanded internationally, establishing affiliates in Hong Kong, Tokyo, China, and Vietnam. Like many other Korean leasing companies, the downturn in the Korean economy during 1998 has affected KDB Capital's asset quality. However, KDB Capital remains in a strong position relative to other Korean leasing companies, due to its strong management and affiliation with the government-supported Korea Development Bank.
KDB Capital holds 40% of ILFC's current equity base and the balance of 60% is held by Nepalese sponsors.
The Nepalese sponsors are reputed companies with a track record in the financial sector. National Life & General Insurance (NLGI) which holds 16.7% of ILFC's equity is the second largest insurer in Nepal and the first and largest private insurance company. NLGI's main sponsor, Mr. Siddheshwar K. Singh, is the Chairman of ILFC. Vijaya International Pvt. Ltd. (9.0%), May Flower Pvt. Ltd. (1.5%) and Ava International Pvt. Ltd. (1.0%) are investment companies owned by Ashoke SJB Rana, Himalaya B. Pande and Himalaya SJB Rana respectively. These three individuals are the main sponsors of Himalayan Bank and also hold positions at this bank.
2.The Road Maintenance and Development Project supports the Country Assistance Strategy objective to reduce poverty in rural areas, by improving rural access, and, prompting higher agricultural output, as well as non-farm income, in remote hill areas of the country. The project components will: 1) support policy reform, through the establishment of a Roads Board, the amendment of regulatory frameworks, and the development of a Road Fund; 2) construct dry-weather feeder roads, and, upgrade roads to gravel standard, including resettlement assistance, environmental monitoring, and, technical assistance provision for project design, coordination, and construction supervision. The component will further assist on land acquisition issues; 3) include the rehabilitation of strategic highway, and feeder road network; 4) provide measures for periodic maintenance of strategic roads; 5) strengthen institutional development of, and provide training to, the Department of Roads, and the Ministry of Works and Transport. In addition, consulting will be included for auditing, pre-investment, and socioeconomic studies, and, office modernization, and equipment will be improved, and supplied, respectively; and, 6) include a Project Preparation Facility to support project preparation and implementation.**
Total fund provided for project: $65 million
3.The Rural Infrastructure Project for Nepal aims to strengthen the institutional capacity of a decentralized local governance system in its planning and managing capabilities to improve the quality, efficiency, and sustainability of rural roads in selected districts with active participation of project beneficiaries. There are four project components. The first component supports routine maintenance, periodic maintenance, rehabilitation and spot improvement of existing district roads/trails and other rural infrastructure in eight selected districts. The second component provides supervision and design of civil works. The third component procures basic equipment for logistical support including four-wheel drive pickups, motorcycles, and computers and photocopiers. The fourth component funds consultancy services to help the institutional capacity of development departments and entities at the local and national levels, trains staff and contractors, funds project monitoring and evaluation, including a community-based performance monitoring system.**
Fund provided $5.8 million
4.The Basic and Primary Education Project aims to strengthen institutional capacities at national, district, and school levels for more efficient and better quality education services. There are three project components. 1) Strengthening institutional capacity, at the national level, will provide staff development and training to strengthen the technical support functions of the Ministry of Education and its newly established agencies and develop information systems to manage a decentralized school system. At the district level, the component will provide training to district education staff for basic district planning; and at the community level, the component will provide training to headteachers in school improvement planning. 2) Raising learning achievement will improve teaching and learning process by reviewing the curriculum content of grades 1 to 3, carry out action research with teachers in small, multigrade schools, and increase textbook availability through the introduction of a voucher system. It will also expand teacher professional support systems and improve teacher quality through demand driven training. 3) Increasing equitable access and improving retention will develop funding mechanism to utilize nongovernmental organizations and community-based organizations to deliver early childhood development programs and provide incentives targeted at the most disadvantaged families through supplying free textbooks and scholarships to needy girls.**
$55.7 million
-Source www.worldbank.org
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RP
http://www.chakrapath.com
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