By Prithvi Man Shrestha in The Kathmandu Post, Oct 14, 2023The Millennium Challenge Account Nepal (MCA-Nepal) has cancelled all the bids it received for the construction of a 315-km 400kV transmission line, marking a major setback in implementing the Millennium Challenge Corporation (MCC) Compact. It was compelled to take the decision after all the bidders quoted prices higher than the estimated cost of the project. MCA-Nepal, a special purpose vehicle set up for implementing the…
Posts tagged as “costs”
by Dimuthu Attanayake & Agencies in SCMP, Mar 9, 2023The long-awaited IMF financing will not “drastically change the trajectory of things” for Sri Lankans struggling with rising costs of living, but it could provide a much-needed confidence boost that the country’s economic recovery is on the right track, experts have said. The International Monetary Fund (IMF) is expected to give final approval later this month for its US$2.9 billion, four-year bailout package after Sri Lanka…