The government has formed a high-level committee to conduct a study on the modality for operating Metro rail service in Kathmandu valley. 

A meeting of the Investment Board Nepal (IBN) held on Sunday under the chairmanship of Prime Minister Pushpa Kamal Dahal took a decision to this effect. 

The committee led by a member of the National Planning Commission, who looks after NPC infrastructure, is vested with the authority to carry forward preparations for the project and operation cost to be waived, said IBN Chief Executive Officer Maha Prasad Adhikari. 

The committee has been given three-month's time to complete its assigned task while representatives from Ministries of Finance and Physical Infrastructure and Transport, IBN and the Department of Railways are members. 

The meeting has approved to develop a project bank as the board already has prepared the detail project report (DPR) for the same. 

Similarly, the meeting has extended the time for managing the financial resources for Upper Karnali and Arun Third hydro projects. 

Similarly, CEO Adhikari shared that the meeting has finalised the modality of the Tamakosi III project. 

The members at the board are Finance Minister, Forest and Soil Conservation Minister, Industry Minister, vice chairman at the National Planning Commission, chief secretary, Rastra Bank governor and chairman of different business organisations. RSS