Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Millennium Challenge Corporation (MCC) has started implementation of the $500 million US grant project in Nepal.
The Millennium Challenge Account (MCA) Nepal Development Committee has issued notice to vacate the land acquired in Nuwakot within 35 days to build a substation under the project.
It has been requested to vacate the acquired land as construction work of 400 KV Ratmate substation has to be started.
The MCA stated that the compensation and rehabilitation assistance amount including the compensation for the acquired land has been fixed and the distribution and registration of the land has been done.
The notice also stated that the Government of Nepal, Ministry of Finance, Millennium Challenge Account Nepal Development Committee (MCA Nepal) has issued notice from District Administration Office, Nuwakot on various dates as per the Land Acquisition Act, 1977 to acquire the land required for the 400 KV Ratmate substation being constructed.
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