ITALIAN COMPANY

NEPSE TUMBLES

Kathmandu, 16 July: After  two-day gain Nepse fell Tuesday.

It closed at 508.97 points after losing 9.3 points.

Altogether 213,022 shares were traded for Rs,39.592 million in 516 transacriobs.

Hydro power chares lost heavily.

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ITALIAN COMPANY TO COMPLETE MELAMCHI

Karhmandu, 16 July: Government Monday signed an agreement with
Italy’s CMC Cooperativa Muratori e Cementisti di Ravenna for
developing the remaining diversion tunnel and headworks of the
Melamchi Drinking Water Project (MDWP).
Krishna Prasad Acharya, executive director of Melamchi Water Supply Development Board (MWSDB), and Salvatore Casciarro, special representative of the
Italian firm, signed the agreement.
The project has to be completed in  36 months.
China Railway 15 Bureau Group abandoned the project.
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