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Kathmandu Monorail Project

Kathmandu Monorail Project in a state of limbo

Preparation of the detailed project report (DPR) of the much-hyped Kathmandu Monorail Project has been delayed following a spat between Investment Board of Nepal (IBN) and Kathmandu Monorail Company (KMC) over a few provisions in the draft of memorandum of understanding (MoU) of the project. The draft MoU prepared by IBN has a provision that…
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