PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

593787

Primary Business Area

Investment Climate

Disclosure Date

Jul 30, 2013

Country

Nepal

Region

South Asia

IFC Approval Date

May 16, 2013

Status

Completed

Estimated Total Budget

$2,054,001.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 2, 2019

Project Estimated End Date

May 16, 2016

Project Description

The Project's overall objective is to contribute to the development and expansion of the tourism related products and services in Nepal. The Project will involve working with industry players (government and the private sector) to address regional and domestic air connectivity issues, support policy, regulatory and procedural improvements in the tourism sector while improving quality standards of tourism related sectors such as aviation and food safety. The Project will also identify some potential heritage sites that can be transformed into tourist attractions (hotels and accommodation) through investments. The Project will further provide capacity building to investment promotion agencies to enable them to mobilize investments (both domestic and foreign). To this end, the Project plans to conduct knowledge sharing and training activities such as technical workshops, and identify potential projects, with a view to generation new investments in Nepal.

Development Results