Kathmandu, December 24
National Planning Commission, the federal government’s topmost planning body, says it has established a ‘project bank’, under which development projects run under different agencies can register themselves if all requirements are completed for their launch.
The commission says it will study their status to decide if they get priority in the budget allocation the next fiscal year. In turn, the listed projects will get more budget every year.
Since the bank’s launch at the beginning of the current fiscal year around five months ago, 460 projects have been listed, according to the commission’s member Sushil Bhatta. This is just a beginning and the system will come into a full-fledged operation in the next four years, he informs.
The commission hopes that the new system will end the current trend of prioritising development projects without any logical base. Likewise, it will also ensure the projects’ effective and continuous performance.