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Posts Tagged ‘Lumbini Megha Project’

APEC active again on Lumbini project

Posted by Ram Kumar Shrestha on August 22, 2012

PURNA BASNET

HONG KONG, Aug 20: The Chinese international non-government organization (INGO) Asia Pacific Exchange Cooperation (APEC) that came into controversy after it brought in a proposal to invest US $3 billion in Lumbini has become active again to push its project.

Executive director of APEC, Xiao Wunan, has gone on to New Delhi to hold discussions with Indian leaders after holding a meeting with UCPN(Maoist) Chairman Pushpa Kamal Dahal.

Shortly after the visit here of Chinese Vice Minister for Foreign Affairs Fu Wing, an APEC delegation comprising Executive Director Xiao, other officials and investors in the multi-billion dollar project had arrived in Kathmandu.

The delegation that landed in Kathmandu on Sunday held a meeting at Maoist party headquarters at Parisdanda.  Read the rest of this entry »

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China’s $3 Billion Investment in Buddhist Mecca Sparks a Row

Posted by Ram Kumar Shrestha on November 21, 2011

By Jane Poretsis

On the 9th August, China declared that it had just signed a USD 3 billion deal with Nepal to develop Lumbini, the birth place of Buddha, sparking a row of lack of transparency.

The investment will see China leading the project, to transform the small town of Lumbini into a Buddhist Mecca and place of pilgrimage for Buddhists from around the world. A huge building project situated in the Southern region adjoining India. Seeing the construction of a new airport, highway, hotels, convention centre, temples and a Buddhist university; plus, the water, electricity and communication lines it currently lacks.

According to the Xinhua News Agency, in July, the United Nations Industrial Development Organization (UNIDO) and the Hong Kong based – Asia Pacific Exchange and Cooperation Foundation (APECF), signed a MoU (Memorandum of Understanding) in Beijing.

This was met by concern in certain quarters of the Nepalese Government, which felt that it had been left in the dark and not consulted; prompting a dismissal from China on reports in the media of a secret pact with certain Maoist sections of the Government. Read the rest of this entry »

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Is China’s $3 Billion Investment into Lumbini Off?

Posted by Ram Kumar Shrestha on November 21, 2011

By Jane Poretsis

Just weeks after publicly declaring that they had just signed a USD 3 billion deal with Nepal to develop Lumbini, the birth place of Buddha, China is left wondering where they stand.

An investment that would have seen China leading the project to transform the small town of Lumbini into a Buddhist Mecca and place of pilgrimage for Buddhists from around the world was mired in controversy from the start.

Sparking a row of lack of transparency, the news was met by concern in certain quarters of the Nepalese Government, which felt that it had been left in the dark and not consulted; prompting a dismissal from China on reports in the media of a secret pact with certain Maoist sections of the Government.

The Secretary in the Ministry of Culture, Modraj Dotel, also promptly quit stating: “I have resigned as works are being done in a non- transparent way which has become a matter of concern for us,” he was quoted as saying by Annapurna Post Daily.

However, responding to queries from The Kathmandu Post the Vienna-based United Nations Industrial Development Organisation (UNIDO) has denied entering into any valid contractual agreement with the Asia Pacific Exchange and Cooperation Foundation (APECF). Stating further, that contrary to what had been claimed: they were not involved in any activity related to the Lumbini ‘Special Development Zone.’ Flatly refuting claims made by APECF that they had signed a Memorandum of Understanding (MoU) with them. Read the rest of this entry »

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