MUMBAI (Thomson Financial) - The Asian Development Bank said it is assisting Nepal with a grant of about 350,000 usd to develop a more reliable, fair and sustainable land administration and management system by modernizing and improving business processes and developing a road map for a national comprehensive land policy.
The ADB said Nepal will cover the balance amount, estimated at 400,000 usd.
'Information is acquired, stored, updated, collated, and retrieved manually in paper form with a low level of accuracy and high risk of distortion and duplication. Major land records are also deteriorating due to poor storage and there is no provision for recovering many of these records in case of a disaster,' the bank said.
ADB said the support will be channeled to key areas where quick results can be achieved within a short period, but in line with the longer term goals of Nepal to work toward an efficient, service-oriented and informative land administration system.
The project will also upgrade the government's land information system to improve business processes and work flows, ADB said. TFN.newsdesk@thomson.com man/aka/ran COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.