Nepal – the country of the Buddha and the Mt. Everest

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Posts Tagged ‘APECF agreement for Greater Lumbini’

APECF signs agreement for Greater Lumbini

Posted by Ram Kumar Shrestha on November 8, 2012

KATHMANDU, Nov 7: The Chinese international non-government organization (INGO)- Asia Pacific Exchange Cooperation Foundation (APECF) – on Wednesday signed a memorandum of understanding (MoU) with Lumbini Development Steering Committee (LDSC) for the development and preservation of all aspects of ´Greater Lumbini´.

Executive Vice Chairman of APECF Linus Xiao Wunan and chairman of the LDSC Puspa Kamal Dahal signed the agreement targeting to invest more than US$ 3 billion to develop Lumbini as an international peace city.

Speaking at the MoU signing ceremony, Wunan said further investment in Lumbini depended on the political leadership of Nepal. “We are positive to support it, but it will depend upon the policy of Nepal´s government,” said he. Read the rest of this entry »

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