LOAN AGREEMENT FOR for “Pragatinagar Town Water Supply and Sanitation Project” under the Urban Water Supply and Sanitation Project (UWSSP)

The Executive Director of Town Development Fund – Mr. Maniram Singh Mahat, Chairperson of Rapti Rural Municipality- Mr. Numanada Subedi and the chairperson of Pragatinagar Water Users and Sanitation Committee (WUSC) Dang- Mr. Shanta Raj Sharma signed a loan agreement of NRs. 73,749,000.00 for “Pragatinagar Town Water Supply and Sanitation Project” under the Urban Water Supply and Sanitation Project (UWSSP) on 8th September 2019 (BS 2076/05/22) at the office of Town Development Fund, Kathmandu. The total loan amount is the 25.00% of the contract cost of NRs. 294,996,000.00. The rest 70% will be provided by the Government of Nepal through Urban Water Supply and Sanitation Project (UWSSP) and the remaining 5.00% will be the matching fund contributed by WUSC as an upfront cash.
The project service area covers the whole area of Ward No.5,7 & 8 Rapti Rural Municipality with 24 hours continuous supply of potable water, as recommended by Nepal Drinking Water Quality Standard (NDWQS) guidelines. The project will directly benefit the population of 13,182.00 living in 2,406 households now, fulfilling the water demand.