Nepal Infrastructure Summit 2017.
Private Sector as an Indispensable Partner
After decades of constant political experimentation and sluggish development, Nepal is at the cusp of a potential growth take-off on the bedrock of an inclusive democracy. This potential cannot be realized without much improved governance that nurtures pluralism, promotes social progress and helps create broadly-shared wealth. This needs an enabling state that partners with a dynamic private sector to create jobs and foster entrepreneurship; regulates smartly; and builds strategic public infrastructure to crowd-in private investment. We need to deliver better public services, nurture economic agglomeration, and narrow distances inside Nepal as well as with China and India.
Nepal suffers an infrastructure deficit on an epic scale, stifling vast human potentials on several fronts. A World Bank estimate of the country’s “infrastructure gap” pegs investment needs at between 8 and 12 percent of national income this decade. Nepal grossly underspends, and what is built does not last. Compounding the cumulative shortfall, the devastating earthquake of April 25, 2015 claimed 9000 lives and imposed an economic cost worth over US$7 billion. About 70% of the early needs assessed by the National Planning Commission concerned the rehabilitation and reconstruction of resilient infrastructure and housing.
Nepal’s medium-term ambition is to become a middle-income nation by 2030, while graduating out of the status of a least developed country (LDC). This is only possible with high growth rates sustained by productive capital formation. This demands rapid development of infrastructure driven largely by a private sector (local and foreign) that has the technical, managerial and financial clout to deliver efficient, high-quality and cost-effective results on the ground. There is also now a need to marry the techno-financial feasibility of projects with the evolving legal-political landscape as the new constitution federates the country into seven provinces.
The Second Nepal Infrastructure Summit, to be hosted by the Confederation of Nepalese Industries (CNI) in February 2017, will assemble over 500 participants. It will deliberate on issues that shape incentives for investment and enable the private sector to become an indispensable ally in infrastructure-led growth. The Summit will focus on the strategic vision of the country, value proposition, competitiveness, policy and regulatory enablers, and business ethics. This event will consolidate and build upon the achievements of the first Nepal Infrastructure Summit held in November 2014.
Over 30 industry experts
will present insights and analysis
Mr. Pushpa Kamal DahalPrime Minister of Nepal
Mr. Bimalendra NidhiDeputy Prime Minister, GON
Mr. Krishna B. MaharaDeputy. Prime Minister, GON
Dr. Ramesh LekhakMinister of Physical Infrastructure
and Transport, GON
Mr. Jeeban B. ShahiMinister of Culture, Tourism Civil Aviation, GON
Mr. Janardan SharmaMinister of Energy, GON
Mr. Hitraj PandeyMinister of Federal Affairs Local Development, GON
Mr. Bikram PandeyMinister of Land Reforms Management, GON
Mr. Arjun Narsingh KCMinister of Urban Development, GON
Dr. Baburam BhattaraiFormer. Prime Minister of Nepal
Dr. Shankhar SharmaFormer Vice Chairman National Planning Commission, Nepal
Dr. Govinda Raj PokharelFormer Vice Chairman National Planning Commission, Nepal
Dr. Swarnim WagleMember, National Planning Commission, Nepal
Dr. Bindu N. LohaniFormer Vice President, ADB
Mr. Binod K. ChaudharyPresident Emeritus, CNI