Nepal: Civil Aviation Sector Improvement Program

The policy-based loan for the Civil Aviation Sector Improvement Program in Nepal will provide budget support for civil aviation sector reforms in the restructuring of the current Civil Aviation Authority of Nepal (CAAN) and the strengthening of its oversight functions, management accountability, and operational efficiency.

PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

9 Jul 2020

Loan

Nepal

Transport

Ongoing

$50 million

KEY OUTPUTS

Approval of a legal framework for civil aviation reforms

Establishment and operationalization of an independent regulatory body for civil aviation

Establishment and operationalization of an independent service provider for civil aviation

FINANCING

$50 million (Asian Development Fund / Concessional ordinary capital resources lending)