Trump’s MCC funds freeze a setback for Nepal’s development aspirations

The Hindu

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Trump’s MCC funds freeze a setback for Nepal’s development aspirations

In 2017, the U.S. committed $500 million under the MCC-Nepal compact for electricity transmission and road upgrades, marking the largest American infrastructure grant to the country; analysts say the U.S. decision could impact Nepal in the geopolitical arena, with respect to India and China

Rajdhani Daily News

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Kathmandu. While the US has put the MCC project on hold for 90 days and the Ministry of Finance has stopped all payments from the MCC fund, the Nepal Electricity Authority (NEA) has been moving ahead with the work under the MCC project. The construction of the 400 kV Lapsifedi substation in Bozhini, Shankharapur Municipality-3, located in the eastern part of Kathmandu, which has been repeatedly obstructed by local residents, saying that it will …