Lumbini-Kapilvastu Day Blog

Welcome to Lumbini, Nepal – the birthplace of Buddha

Posts Tagged ‘United Nations Industrial Development Organization (UNIDO)’

The Lumbini project: China’s $3 billion for Buddhism

Posted by Ram Kumar Shrestha on July 16, 2011

By Melissa Chan

The town of Lumbini in Nepal is where the Buddha was born as Prince Gautama Siddhartha, before achieving

”]enlightenment more than 2,500 years ago. Now China is leading a project worth $3bn to transform the small town into the premier place of pilgrimage for Buddhists from around the world.  Little Lumbini will have an airport, highway, hotels, convention centre, temples and a Buddhist university. That’s in addition to the installation of water, electricity and communication lines it currently lacks.

That’s a lot of money anywhere – but especially for a country like Nepal whose GDP was $35bn last year. That means the project is worth almost 10 per cent of the country’s GDP. So what does China want back?

The organization behind the project is called the Asia Pacific Exchange and Cooperation Foundation (APECF), a quasi-governmental non-governmental organisation. Its executive vice president, Xiao Wunan, is a member of the Communist Party and holds a position at the National Development and Reform Commission, a state agency.

On Friday, APECF held a signing ceremony for the project with the United Nations Industrial Development Organization (UNIDO). Read the rest of this entry »

Posted in News | Tagged: , , , , , , , , , , | Leave a Comment »

 
%d bloggers like this: