LOAN AGREEMENT FOR WATER AND SANITATION PROJECT OF BAGLUNG

The Executive Director (ED) of Town Development Fund Mr. Maniram Singh Mahat and the chairperson of Baglung Nagar Khanepani Tatha Sarsafai Upabhokta Sastha, Baglung, Mr. Hari Prasad Shrestha signed a loan agreement of NRs. 75,662,750.00 for “Baglung Sahalagani Khanepani tatha Sarsafai Aayojana, Baglung” in the presence of Mayor of Baglung Municipality, Mr. Janak Raj Paudel under the Co-financing Water Supply and Sanitation Project on 14 March 2019 (BS 2075/11/30) at Town Development Fund Office, Kathmandu. The total loan amount is 25.00% of the contract cost of NRs. 302,651,000.00. The rest 70% will be provided by the Government of Nepal through co-financing project and the remaining 5.00% will be the matching fund contributed by WUSC as an upfront cash.
The project service area covers ward number 1, 2, 3 & 4 of the Baglung 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 33,249.00 living in 4,351.00 households now, fulfilling the estimated demand.