Millennium Challenge Corporation (MCC) Deputy Vice President Jonathan Brooks called on Finance Minister Barshaman Pun on Tuesday.
A team led by Vice President Brooks called on Finance Minister Pun at Singha Durbar today.
During the meeting, Minister Pun said that the government is committed to complete the MCC Projects within the deadline.
He said that there will be coordination and cooperation from the Ministry to complete the project on time.
“The government is committed to completing the project of the MCC Compact on time,” he said.
Saying that the works are being carried out in full swing, Minister Pun said that he is confident that the project would be completed on time.
Minister Pun assured that the problems like land compensation and use of forest area among others to be surfaced during the implementation of the project would be resolved through MCC Nepal.
Vice President Brooks informed Minister Pun about the progress being made in the construction of transmission lines and roads under the project.
He expressed his satisfaction over the progress.
Nearly Rs 60 billion under the MCC would construct 315 km long transmission lines and 77 km roads in five years.
According to the agreement, out of Rs 60 million, MCC would provide Rs 45 billion as a subsidy while the Nepal government has to invest Rs 15 billion.
Out of Rs 45 billion grant, most of the amount will be spent on the construction of the Nepal-India international transmission line.
The project will build a cross-border transmission line from Butwal to Gorakhpur in India.
A 315 km long double circuit 400 KV transmission line will be constructed.
Similarly, the construction of substations at Ratmate in Belkotgadhi Municipality of Nuwakot, Damauli in Tanahun and Bhumhi in Nawalparasi West has already been started.
Likewise, the electricity to both the 400 KV sub-station under construction by the Nepal Electricity Authority at Lapsiphedi in Kathmandu and the authority's 400 KV sub-station at Hetauda in Makawanpur will be supplied from Ratmate.
This is the largest transmission line in Nepal that can transmit 400 KV high- capacity electricity.
A total of 856 towers will be constructed under the project.
The transmission lines will be built in Kathmandu, Nuwakot, Sindhupalchowk, Dhanding, Makawanpur, Chitwan, Tanahun, Palpa, Nawalpur and West Nawalparasi.
The quality of the 305 km strategic road network will be improved under the project.
The 40 km Dhankhola-Lamahi road section from Bhaluwang of Dang along the Mahendra Highway to the west has been expanded through new technology and the 35 km Lamahi-Shivakhola road section of the same highway has been repaired.
The expansion of the Pokhara-Baglung road section of the Mid-Hill Pushpalal Lokmarga has almost been completed.
Nepal and the US signed the MCC project in 2017 and it was implemented with the endorsement of the House two years back after a prolonged debate and discussion at the high political leadership.
