Kathmandu, April 29 : The World Association of PPP Units and Professionals (WAPP) and the Nepalese Association of PPP Professionals and Practitioners (NAPPP) have signed a Memorandum of Understanding (MoU) for bilateral cooperation.
The MoU was signed in the course of
the ongoing Third Investment Summit underway here since Sunday.
WAPP President Ziad-Alexandre Hayek
and NAPPP Chair Anup Kumar Upadhyay signed the document on behalf of their
respective sides.
Both parties have agreed to
collaborate in matters of mutual concerns and exchange knowledge and
experiences regarding the public-private partnership.
Strengthening of physical
infrastructure and PPP pipelines, preparations of PPP projects and programmes,
and collaboration for the promotion of international exercises in the
implementation, hosting of joint gatherings and assemblies, and publications of
joint journals are among the contents of the MoU.
NAPPP Chairperson Anup Kumar
Upadhyay said the cooperation between the WAPP and NAPPP is expected to help
Nepal enhance its knowledge and capacity regarding the PPP and strengthen
projects on PPP.
WAPP President Hayek said Nepal has a long
experience in the implementation of PPP-based projects and this approach has
brought transformations mainly in the hydropower and clean energy sectors.
Nepal's home-grown practices and its experiences are exemplary, he said.
WAPP with its headquarters in
Geneva, Switzerland, is a global non-governmental organization. It helps its
members achieve their professional goals and promotes best practices in PPP to
align with UN SDGs, the WAPP said.
NAPPP is said to be an association
that brings together practitioners, professionals, and members from multiple
sectors to promote collaboration, innovation, and efficiency in public-private
partnerships and investment to contribute to sustainable development.
Meanwhile, today itself, Sakha and
Company Private Limited and Anforman Group and BORE Hotel, China have signed an
agreement worth Rs 100 million for cooperation in hotel business. (RSS)