TDF approves Loan for Baglung Bus Park

Mayor of Baglung Municipality Mr. Janak Raj Paudel and Executive Director of TDF Mr. Maniram Singh Mahat signed the agreement for the project equivalent to NRs. 10,46,87,500.00 on 9 March 2018 at office of Town Development Fund, Kathmandu for construction of Baglung Bus park project (K3L-028-0/K3G-14-C). Baglung municipality is rated as category ‘C’ as per TDF’s loan grant policy, and qualifies for soft loan at 5.5% annual interest rate for 20 years maturity period with 2 years grace period. Out of total project cost, loan from TDF is NPR 97,975,897.5 and the remaining portion is grant (from KfW and GoN) and municipal matching (2.5% in loan amount and 31.19% in grant portion).