ADB Country Director to Nepal Kenichi Yokoyama today held Tripartite Portfolio Review Meeting here to check development of these projects.
Key challenges identified by the ADB impacting implementation of development projects include weak project management capacity of executing and implementing agencies, delay in procurement and disbursement, high risk in procurement and contract administration, poor contractor and consultant performance and weak inter-agency coordination.
During the review meeting, ADB pointed out the challenges related to environment and forest clearance, land acquisition, aggregates and coordination with other utilities.
The meeting also recommended various action plans to address these challenges.
The last year's review meeting had formulated 22 action plans for the expeditious implementation of four projects in the energy sector of which only 11 were implemented, Yokoyama pointed out.
Similarly, these projects missed seven targets and four action plans were not complied to, he added.
He also expressed concerns over the halt of the Tribhuvan International Airport expansion project due to lack of raw materials and said that the project management was also weak.
ADB is one of the major development partners of Nepal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
