Government Revises Criteria for Multi-Year Project Contracts and Funding Approvals

Kathmandu. The government has issued new criteria, revising the process for contracting and source agreement for multi-year projects. The 'Criteria for Source Agreement Related to Multi-Year Projects, 2081' has been amended and the 'Criteria for Source Agreement of Multi-Year Projects, 2082' has been implemented.Under the new criteria, the deadline for obtaining source agreement for multi-year projects has been moved forward. Now, the National Planning Commission (NPC), after evaluating the received project proposals and deeming them appropriate, must recommend them to the Ministry of Finance for source agreement by Mangsir 15. Previously, the NPC had until the end of Mangsir to...