Kathmandu, July 6
The 13th board meeting of the Nepal Peace Trust Fund (NPTF) Friday approved three new projects worth Rs. 1.171 billion.
The board meeting chaired by NPTE co-chair and Finance Minister Barsa Man Pun was participated in by vice- chair of the National Planning Commission Dipendra Bahadur Chhetry, secretaries of different ministries and the donor representatives.
According to the Ministry of Peace and Reconstruction, the approved projects included Police Units Reconstruction Project-Third Phase.
Under this project, 77 police units destroyed during the decade-long conflict would be reconstructed at a cost of Rs. 1.076 billion.
The NPTF shall finance Rs. 1.001 billion of the project while the rest shall be covered by mobilising the resources of the Nepal Police and from the people’s participation.
NPTF had already invested around Rs. 2 billion in earlier two phases of the project to construct 193 units of the Nepal Police.
The other two projects approved by the board related to the implementation of the government approved National Action Plan on United Nations Security Council Resolution (UNSCR) 1325 and 1820 amounting to Rs. 95.68 million. The Ministry of Law and Justice and the Ministry of Peace and Reconstruction are designated to implement it.
These projects shall be the part of the total Rs. 600 million that the NPTF had approved to invest in earlier two phases.
The meeting also reviewed the progress made by the Fund, the UN Peace Fund for Nepal, status of the Emergency Peace Support Project funded by the World Bank and the achievements of the technical cooperation pool for the capacity development of the Ministry of Peace and Reconstruction.
During the meeting, Finance Minister Pun recalled the noteworthy contributions made by the NPTF financed projects to the ongoing peace process.
He also confirmed that adequate funds would be provided to NPTF with priority in the next budget to enable it to sufficiently finance the important projects.
The representatives from the European Union on behalf of the donor group expressed their commitment to continue their support to the NPTF in the days to come.
The government of Nepal appreciated the support of all the participating donors to Nepal’s peace process.