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 “Millennium”
by Tika R Pradhan in The Kathmandu Post, Sept 6, 2023Leaders of ruling parties who ratified the Millennium Challenge Corporation (MCC) compact last year have started disputing over the US aid a week after it entered the implementation phase. One of the ruling parties, the CPN (Unified Socialist), has even formed a separate panel led by its vice-chair to study if the compact “undermines Nepal’s sovereignty” in the course of project implementation. Also, a political…