Apr 08, Kathmandu- The Cabinet meeting has passed a bill related to alternative development finance.

The Council of Ministers meeting held at Singha Durbar yesterday evening passed the bill related to alternative development finance. Speaking at a program organized in Kathmandu today, Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel said that the government has recently prepared a bill related to alternative development finance to attract the private sector of the country and abroad in the construction of public infrastructure. Finance Minister Poudel also informed that the bill was passed by the Council of Ministers meeting held yesterday. According to him, the government will soon present the bill in the parliament. Deputy Prime Minister Poudel said that the government wants the bill to be passed by the parliament as soon as possible.

He expressed confidence that with the passage of the bill, domestic and foreign investors can be attracted to invest in public infrastructure. He said that the bill will also make it easier to solve the challenges of resource management in infrastructure development. He said that the government cannot meet the need for resource management in public infrastructure development by relying solely on government funds. Deputy Prime Minister Poudel urged students to study by taking to heart the fact that a beautiful future can be created within the country.