LOAN AGREEMENT SIGNED FOR BESHISHAHAR WATER SUPPLY AND SANITATION PROJECT, LAMJUNG UNDER CO-FINANCING PROJECT

The Executive Director (ED) of Town Development Fund Mr. Maniram Singh Mahat, Mayor of Beshishar  Municipality, Mr. Guman Shingh Aryal and the Chairperson of Beshishahar Khanepani Tatha Sarsafai Upabhokta Samiti, Lamjung, Mr. Krishna Kumar Pradhan signed a loan agreement of NRs. 41,481,750.00 for “Beshishahar Sahalagani Khanepani tatha Sarsafai Aayojana, Lamjung” under the Co-financing Water Supply and Sanitation Project on 11 April 2019 (BS 2075/12/28) at office of Town Development Fund, Kathmandu. The total loan amount is 25.00% of the contract cost of NRs. 165,927,000.00. 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 Water Users and Sanitation Committes (WUSC), Lamjung as an upfront cash.

The project service area covers ward number 8-12 of the Beshishar Municipality and 1, 2 and 7 of Bajhakhet 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 21,646.00 living in 2246.00 households now, fulfilling the estimated demand. The municipality is regulator of the water utility and guarantor of the TDF’s loan.