Message from MoPIT

Message from MoPIT 

I am delighted to be informed that Ministry of Physical Infrastructure and Transport (MoPIT) in collaboration with Confederation of Nepalese Industries (CNI) is organising the fourth series of the ‘Nepal Infrastructure Summit 2022’ on the the theme ‘Infrastructure for Growth’. I congratulate CNI for continuing the tradition and launching this souvenir to commemorate the summit.

Infrastructure development lies on the cusp of all economic activities. As we know, Nepal embarks to promote sustainable infrastructure development and has set ambitious targets to combat climate change. Immense opportunities of growth and prosperity lay ahead of us. However, since infrastructure financing is mostly led by the public sector alone, significant gaps exist. To bridge the gap, substantial investments and enhanced collaboration with private and foreign partners and investors is required. Moreover, as Nepal fights with challenges of fiscal deficit and microeconomic imbalances, the need and urgency for making coordinated efforts has intensified. 

At this juncture, we are confident that the infrastructure summit will provide a common platform to diverse group of stakeholders including the government, policy makers, investors, development partners, and the private sector to focus, explore, and showcase investment opportunities in the infrastructure sector of Nepal. We are hopeful that the summit will garner financial commitments to address funding gaps and pave way for policy reforms for an unceasing growth.

As a nodal agency entrusted with the responsibility of planning and implementing physical infrastructure and transit management of the country, we remain committed in creating enabling environment for investment and promote avenues for infrastructure development. In the near future, we thrive to augment our efforts in developing sustainable infrastructure to deliver equitable socioeconomic development across the country. I wish the Summit every success.

Mohammad Ishtiyaq Rayi 

Minister

Ministry of Physical Infrastructure & Transport

(MoPIT)

Note: This article is from Nepal Infrastructure Summit 2022 Souvenir by Mohammad Ishtiyaq Rayi .