Kathmandu, Jan. 27: The Town Development Fund (TDF) has agreed to provide the Bharatpur, Banepa and  vyas municipalities loan assistances of Rs 11,800,000.

Documents to these effect were signed by acting executive director Harka Bahadur Chhetri on behalf of the town development fund, mayor Him Bahadur Piya and secretary Hem Sharma Pokhrel on behalf of the Bharatpur municipality, Mayor Dr. Surendra Bade Shrestha and secretary Tara Prasad Sharma on behalf of the Banepa municipality and Mayor Dhruba Raj Wagle and acting secretary Rajendra Aryal on behalf of the Vyas municipality.

The town development fund will provide Rs 6,841,000 out of the total cost of Rs 7,600,000 for the construction project of the Mahendra Bus   Park in Bharatpur municipality and the remaining balance will be met by the Ministry of Local Development and the municipality itself.

Similarly, the Town Development Fund will provide a   loan of  Rs 1,960,000, or 90 per cent of the total cost of Rs 2,178,000 for the construction  of  road and sewerage to be constructed near the Ancient Chandeswori Park at the Banepa municipality and the rest of the amount will be provided by the Ministry of Local Development and the Banepa municipality.

Likewise, the Town Development Fund will provide 90 per cent or Rs 3,000,000 for construction of the 11-room shopping complex costing Rs 3,300,000 at the premises of the Vyas municipality and theremaining Rs 300,000 will be provided by the Ministry of Local Development and the municipality.