October 5: The Special Economic Zone (SEZ) Authority has signed a Memorandum of Understanding (MoU) with Nepal Infrastructure Bank Limited to develop the Special Economic Zones under public private partnership model.

As per the understanding, the bank will assist the government authority to help develop the Special Economic Zones in Panchkhal and Bara (Block B and C).

A joint statement issued by the bank and SEZ Authority states that the bank will help in technical and financial analysis of SEZ, marketing, selection of developers, as well as make arrangements for investment.

Executive Director of the SEZ Authority Balaram Rijal and CEO of Nepal Infrastructure Bank Ram Krishna Khatiwada signed the agreement on behalf of their respective organisations amid a recent function.