Physical Infrastructure Reconstruction Fund receives Rs 93m

KATHMANDU: The Physical Infrastructure Reconstruction Fund has received Rs 93 million as of Sunday, Spokesperson for the Ministry of Finance, Tanka Prasad Pandey, said.

The fund has been established by the government for the reconstruction of physical structures damaged by arson and vandalism during the Gen Z protests, which took place on September 8 and 9.

The fund received Rs 10.1 million from Life Insurance Corporation Nepal on Sunday. Chief Executive Officer of LIC Nepal, Pranaya Kumar, handed over the voucher for the amount to Finance Minister Rameshore Prasad Khanal.

Employees of F1 Soft International, eSewa and Fonepay Payment Service contributed a further Rs 7.5 million to the fund. Chairman of F1Soft Group, Siddhantha Thakuri, handed over the bank cheque to Finance Minister Khanal on November 19.

A bank account, 1960100102070004, has been opened at Rastriya Banijya Bank’s Singha Durbar branch for the reconstruction fund.

The government said the Physical Infrastructure Reconstruction Fund has been set up for the reconstruction of destroyed infrastructure, economic recovery and relief operations, and appealed to provincial and local governments, the private sector, Nepali and foreign citizens, the non-resident Nepali community, friendly nations, development partners and international organisations to extend their support to the reconstruction campaign.

(With inputs from RSS)