TDF approves Loan for Gorkha Multi-Purpose Building

Mayor of Gorkha Municipality Mr. Rajan Raj Pant and Executive Director of TDF Mr. Maniram Singh Mahat signed the agreement for the project equivalent to NRs. 54,692,000.00 on 18th August 2019 at office of Town Development Fund, Kathmandu for construction of Gorkha Multi-Purpose Building (2175-TD3-CO-S).
Gorkha 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 49,222,800.00 and the remaining portion is grant (from GoN) and municipal matching (2.5% in loan amount).