Sunrise and RBB to Finance Annapurna Cable Car Project

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Sunrise and RBB to Finance Annapurna Cable Car Project

February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepreneur Kalu Gurung and Japan-born Nepali Citizen Takasi Miyahara and is scheduled to finish within two years.  The two banks will finance Rs 660 million in the total cost of Rs 896 million for the project. 

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