LOAN AGREEMENT SIGNED FOR CHAINPUR URBAN WATER SUPPLY AND SANITATION PROJECT, JAYAPRITHIVI MUNICIPALITY, BAJHANG

The Executive Director of Town Development Fund Mr. Maniram Singh Mahat, Mayor of Jayaprithivi Municipality, Mr. Birendra Bahadur Khadka; and the chairperson of Chainpur Water Users and Sanitation Committee (WUSC), Bajhang Mr. Lokendra Bahadur Bista signed a loan agreement of NRs. 54,327,250.00 for “Chainpur Urban Water Supply and Sanitation Project” under the Urban Water Supply and Sanitation Project (UWSSP) on 7 April 2019 (BS 2075/12/24) at office of Town Development Fund, Kathmandu. The total loan amount is the 25.00% of the contract cost of NRs. 217,309,000.00. 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 area of the ward number 3, 4, & 6  of Jayaprithivi 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 7,752.00 living in 1,065.00 households now, fulfilling the water demand. The municipality is regulator of utility and guarantor of the TDF’s loan.