Govt. sets up Kathmandu Valley Drinking Water Limited
Nepalbiznews.com, 08-May-07
The government has set up Kathmandu Valley Drinking Water Limited in order to hand over the distribution and management of valley's drinking water to private sector. The Limited was set up fulfilling one of the major preconditions of the Melamchi Drinking Water Project.
Senior divisional engineer at Melamchi project Birendra Man Shakya heads the Limited. The Limited also comprises representatives from municipalities and chamber: Indra Man Singh Suwa (Kathmandu metropolitan city), Rudra Gautam (Lalitpur sub metropolitan city), Suresh Basnet (Nepal Chamber of Commerce) and two independent engineers Dhruba Bahadur Shrestha and Kamalesh Kumar Agrawal. The Limited has authorized capital of Rs. 450 million.
The government will now need to quickly make a decision – within May 15 - on handing over the management of drinking water in the valley to a British company called Severn Trent, which has already been approved by the cabinet.
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