Kathmandu. The government has moved to establish an 'Infrastructure Development Fund' with an authorized capital of 1 kharba rupees by repealing the three-decade-old 'Urban Development Fund Act, 2053'.The Ministry of Physical Infrastructure and Transport has prepared a draft concept paper for the 'Bill to Amend and Consolidate Laws Relating to the Infrastructure Development Fund' and has made it public for information and consultation with stakeholders in accordance with the provisions of the Legislation Act, 2081.This concept paper, which has received theoretical approval from the Council of Ministers, aims to transform the existing Urban Development Fund in line with the federal...