New lifeline for delayed Nepalese water project
- From: Vol 9, Issue 2 (February 2008)
- Category: General
- Region: Asia
- Country:
- Related Companies: Severn Trent Water
The removal of a key loan covenant by the Asian Development Bank could prove vital for the future of the Melamchi water supply project.
Nepal’s Melamchi Water Supply Project was handed a lifeline by the Asian Development Bank on 7th February, as the ADB board agreed to extend the validity of its $137 million project loan commitment until 2013.
The project’s future has been in the balance since May 2007, when Severn Trent Water International, the company selected to manage the new ...
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