DAMAULI MULTI-PURPOSE TOURISM PROJECT · Pokhara is a key attraction for tourists visiting Nepal,...

DAMAULI MULTI-PURPOSE TOURISM PROJECT

SALIENT FEATURES

GENERAL

PROJECT COMPONENT/TECHNOLOGY

PROJECT LOCATION

SN FEATURES CHARACTERISTICS

1 Name of the Project

2 Sector

3 Type

1 Artificial lake and river management

2 Spiritual / cultural theme and amusement park

1 Province

2 Project Location

Damauli Multi-purpose Tourism Project

Tourism/ Urban Development

Water based tourism project with components of urban infrastructure

An artificial lake built by placing a dam in the Madi river in the gorge joining Ward no. 3 and 5 of the Vyas Municipality. Various activities would be hosted in the lake. River bank for certain section of the Madi river would also be stabilised in a phase-wise manner. The river banks would be enhanced by paved footpaths, public art, lighting and street furniture. Sustainable sourcing of construction materials from the river would also be carried out to manage the river and its banks.

Spiritual/ cultural theme park would offer unique experience and could include musical fountains, meditation centre, botanical garden, among others. The park will feature state-of-the-art entertainment services, including recreational centres, water park zone, mini golf course, and other unique attractions.

Gandaki Province

Vyas Municipality, Damauli (Location Map)


The ethnic village/ resort will be inspired by the culture, tradition, architecture, etc. of the region and beyond along with accommodation, eating places etc. serving as a live museum.

Convention hall to accommodate 500 seats well equipped with diverse spaces suitable for various kinds of events, including conferences, seminars, concerts, product launches, and business events, among others. Exhibition hall designed to provide spaces for booths and stalls.

Promotion and development of the agricultural land beyond lake as organic farming area which could supply organic crops and vegetables to the project area and visitors. In addition, infrastructure for agriculture as well as processing centres could also be built.

The place could also host development of prime residential properties with artificial beach.

Allied services and spaces would include spaces to lease out for hotels, banquet/seminar halls, swimming pool, indoor sports, wellness centre, and gift and souvenir shop.

Regeneration and conservation of historical sites, in particular those preserving the heritage of the place as the birthplace of Sage Vyasveda.

3 Ethnic village/ resort

4 Convention and exhibition centre

5 Integrated agriculture and allied industries

6 Prime residential development

8 Allied services and spaces

9 Regeneration, conservation and development

Lonely Planet, a leading travel guide, ranked Nepal as the top value destination for 2017 in its annual “Best in Travel List”. Nepal has seen consistent growth in the number of tourist arrivals in the last three years, with impressive growth rates of about 40%, 25% and 25% in 2016, 2017 and 2018, respectively. In 2018, the country welcomed over 1.1 million tourists. The number of incoming tourists excludes many Indian tourists who travel to Nepal by land. Among the recorded tourists, 70% travel to Nepal for holiday/pleasure. In addition, internal tourism has grown rapidly. In particular, internal tourists originating from major cities like Kathmandu constantly demand new and interesting travel and holiday experiences, thanks in part to the growing disposable income.

Pokhara is a key attraction for tourists visiting Nepal, most importantly because of pristine natural capital and its location as the gateway to the Annapurna region. With the completion of regional international airport by 2021, the place

MARKET ASSESSMENT

1 Demand

2 Supply


3 Opportunity

is going to benefit from international connectivity. There are very few recreational centres near Pokhara to entertain the interest of tourists visiting Nepal for pleasure. Places close to Kathmandu, such as Dhulikhel, Nagarkot, and Kurintar offer a get-away for both foreign and domestic tourists. Such places close to Pokhara have not been adequate. Moreover, there are only a handful of places that could offer one-stop travel experience.

Nepal, with its pleasant climate and warm hospitality, is ideally suited for being developed as a prime destination for leisure tourism. It provides peaceful and safe choice along with scenic and splendid natural beauty and unique blend of cultures. Damauli, through its connectivity with Pokhara and Kathmandu (due to its location on one of the major highways of Nepal), preservation of natural and cultural heritage and willingness for development offers a unique opportunity to be developed into a world-class centre for leisure tourism. Development based on the multi-purpose use of water and built on the strengths of the region can be particularly rewarding.

DEVELOPMENT MODALITY

1 Development modality

2 Role of the Government of Nepal

3 Role of the Private Sector

4 Development Period

Public Private Partnershipn Provision of government land, land acquisition, facilitation

and project securityn Facilitating legal approvals/permitsn Review & monitoring

n Plan, design, build, finance and operate the facilities during the Concession Period

n Collection of revenues from the project during the Concession Period

n Handover to the Government after the Concession Period

a. Pre- Construction Period: 6 months

b. Financial Closure: 6 months

c. Construction Period: 3 years

d. Concession Period: 30 years

~ USD 55 million

INDICATIVE FINANCIALS

1 Total Project Cost (including Interest During Construction & land acquisition)

APPLICATION PROCEDURE

PRE-QUALIFYING CRITERIA FOR THIS PROJECT

1) At least five years’ experience of developing and managing projects related to tourism infrastructure in Public Private Partnership (PPP) models.

2) Net worth equivalent to at least USD 15 million at the time of making the application/proposal.

1. The developer/ investor who meet the above pre-qualifying criteria can make the application for this project.

2. Application may be made by a single entity or a group of entities (Consortium or JV) comprising up to three different companies/ parties, including a Lead member, coming together to implement the project.

3. A consortium/JV may fulfil the pre-qualifying criteria in a joint/cumulative manner, except for the number of years of work experience.

4. A fee of NRs 10,000 shall be payable for each application made (with application to one project counting as a single application).

5. The fee must be paid to OIBN (to the OIBN office or a dedicated desk at the Nepal Investment Summit), or by electronic transfer to the following bank account of OIBN:

Office Code: 301003502

Office Name: Office of the Investment Board

Revenue Heading: 14229

Bank Name: Everest Bank Ltd.

Swift Code: EVBLNPKA

Please use ‘Company name_Project name’ as the reference code for the payment made in the case of an online payment.

6. After payment of the fee is made, the OIBN shall assign an engagement manager and may provide additional documents or information relevant to the project (if available).

7. Applications shall be submitted in physical copies to the OIBN or emailed to [email protected].

8. The Government of Nepal (OIBN or relevant government agency at the relevant level of government) shall review the proposal and ask additional information if required.

9. The Government of Nepal has final authority to decide on your application.


1. Detailed profile of the developers/ investors, including profile of senior management team, annual report and audited financial statements for at least past three years (2015, 2016 & 2017), and consortium agreement or JV agreement or Memorandum of Understanding in the case of consortiums or JV.

2. Project concept, plan, and information on financial, economic, technical and environmental feasibility.

3. Method of project implementation, project development modality and work schedule

4. Business plan with basic financial statements

5. Financial arrangement and source of investment

6. Socio-economic contribution to Nepal

7. Expected support from GoN

8. Other relevant information, if any

DETAILED PROPOSAL CHECKLIST

CONTACT DETAILS

Office of the Investment BoardICC Complex, New Baneshwor Kathmandu, Nepal Phone: 977-1-4475277,977-1-4475278Fax: 977-1-4475281Email: [email protected]

DHULIKHEL DREAMLAND PROJECT

SALIENT FEATURES

GENERAL


PROJECT LOCATION


1 Name of the Project

2 Sector

3 Type

1 Theme/amusement park

2 Cultural/natural theme park - Ethnic village/ resort

3 Allied services and spaces

1 Province

2 Project Location

Dhulikhel Dreamland Project

Tourism

Theme Park with Nature Component

The park will feature state-of-the-art entertainment services, including recreational centres, water park zone, mini golf course, children train, and other unique attractions.

The cultural/natural park component will include ethnic village/ resort inspired by the culture, tradition, architecture, etc. of the region and beyond along with accommodation, eating places etc. serving as a live museum. Cultural theme park would also offer musical fountains, meditation centre, birds park, and botanical garden.

Allied services and spaces would include spaces to lease out for hotels, banquet/seminar halls, swimming pool, indoor sports, wellness centre, and gift and souvenir shop.

Province 3

Dhulikhel Municipality, Kavrepalanchowk (Location Map)


Regeneration and conservation of historical temple of Devisthan which is the highest point of the project offering sunrise and sunset views, view of the entire Dhulikhel valley, Bhanjyang and full range of snow peaks in the north. Promotion and development of the agricultural land beyond lake as organic farming area which could supply organic crops and vegetables to the project area and visitors.

Lonely Planet, a leading travel guide, ranked Nepal as the top value destination for 2017 in its annual “Best in Travel List”. Nepal has seen consistent growth in the number of tourist arrivals in the last three years, with impressive growth rates of about 40%, 25% and 25% in 2016, 2017 and 2018, respectively. In 2018, the country welcomed over 1.1 million tourists. The number of incoming tourists excludes many Indian tourists who travel to Nepal by land. Among the recorded tourists, 70% travel to Nepal for holiday/pleasure. In addition, internal tourism has grown rapidly. In particular, internal tourists originating from major cities like Kathmandu constantly demand new and interesting travel and holiday experiences, thanks in part to the growing disposable income.

Kathmandu is a central attraction for tourists visiting Nepal, most importantly because of its international connectivity. There are very few recreational centres and amusement parks to entertain the interest of tourists visiting Nepal for pleasure. Places close to Kathmandu, such as Dhulikhel, Nagarkot, and Kurintar offer a get-away for both foreign and domestic tourists. However, there are only a handful of amusement parks that could offer unique and one-stop travel experience.

Nepal, with its pleasant climate and warm hospitality, is ideally suited for being developed as a prime destination for leisure tourism. It provides peaceful and safe choice along with scenic and splendid natural beauty and unique blend of cultures. Dhulikhel, through its connectivity with the capital, preservation of natural and cultural heritage and willingness for development offers a unique opportunity to be developed into a world-class centre for leisure tourism. A theme park built on the strengths of the region can be particularly rewarding.

MARKET ASSESSMENT


1 Demand

2 Supply

3 Opportunity


















2 Interest Rate (including hedging cost)

3 Project IRR

4 Equity IRR

~ USD 43.00 million

12.00%

10.84%

10.35%










CONTACT DETAILS


FILM CITY IN DOLAKHA


SALIENT FEATURES

Film city in Dolakha

Tourism/ Entertainment

Film shooting destination, entertainment and leisure destination development

Province 3

Bhimeshwor Municipality, Dolakha (Location Map)

Area: 189 acres to 314 acres

Film shooting spaces with fixed and semi-fixed built spaces. A key attraction would be Heritage City/Monumental Avenue – replica of Nepal’s UNESCO-listed World Heritage Sites. Another attraction would be model villages representing different cultural groups. The film city would also host open spaces that can be leased to build sets according to the demand of the movie scripts and to capture the majestic beauty of the project site.

GENERAL

PROJECT LOCATION


1 Name of Project

2 Sector

3 Type

1 Province

2 Project Location

1 Film shooting spaces


2 Production and Post- production services

3 Tourism facilities

4 Supporting facilities and further development

Production and post-production services includes indoor studio, facilities to lease shooting equipment, state of the art communication and data centre, office space for clients, among others.

Spaces would be leased to build tourism facilities including 5-star hotel, resort, casino, standard hotels, dormitories, and theme park. Other facilities like a central café/bar, souvenir shops, indoor and outdoor theatre will be key elements of this component.

Supporting facilities and further development includes: School of film making, banks, departmental stores, parking spaces, guard house, warehouse and workshop, health centre, helipad, etc.

MARKET ASSESSMENT

1 Demand

2 Supply

3 Opportunity

Currently, nearly 100 mainstream films are made in Nepal, annually. The figure was about 60-70 as of FY 2015/16. Moreover, globally, with the proliferation of companies like Netflix and an increasing demand for new movies/series, there is increasing demand for film studios and spaces globally.

Nepal only has one built movie studio which is not in the best of conditions. Lack of required space and sophisticated studio has meant that domestic film-makers are still dependent on other countries and cities like Mumbai and Chennai for production and post-production. Current movie-makers use naturally occurring scenic destinations but as they do not have purpose-built facilities, they face difficulties. Moreover, in the lack of supply of such a facility, Nepal is missing out on branding its naturally given resources and assets.

Nepal, with its pleasant climate, wide landscape variation even within a small area and warm hospitality, is ideally suited for being developed as a prime destination for entertainment and movie tourism. It provides peaceful and safe choice along with scenic and splendid natural beauty and unique blend of cultures. The project site in Dolakha, given its unique feature, availability of land, development of connectivity and infrastructure and strong local support, can be branded as a unique world-class film city.



and project securityn Facilitating legal approvals/permitsn Review & monitoringn Plan, design, build, finance and operate the facilities during

the Concession Periodn Collection of revenues from the project during the

Concession Periodn Handover to the Government after the Concession Period







2 Role of Government of Nepal

3 Roles Private Sector


~ USD 25 million

12.00%

10.75%

10.09%


1 Total Project Cost (including Interest During Construction)


3 Project IRR

4 Equity IRR










CONTACT DETAILS


DOLAKHA MOUNTAIN ACADEMY PROJECT


SALIENT FEATURES

Dolakha Mountain Academy Project

Tourism

Sports tourism and education

Province 3

Gaurishankar Rural Municipality, Dolakha (Location Map)

Sailung, Dolakha (Location Map)

World-class Mountain Academy providing courses including acclimatization, theoretical training, trekking to approach the base camp, field training, advanced mountaineering techniques, rescue operations, rock climbing, courses for visually impaired, among others. The Academy would have state-of-the-art indoor and outdoor facilities, including auditorium for lectures, demo and screening, library, etc. Infrastructure for various sports and wellness activities such as yoga, meditation, among others could be developed.

To cater to the varying accommodation needs, dormitories, guest houses, mountain resort and hotels would be built. While dormitories and guest houses would offer standard packages, mountain resort and hotels would cater to those seeking luxury facilities.

GENERAL

PROJECT LOCATION


1 Name of Project

2 Sector

3 Type

1 Province

2 Project Location

1 Mountain Academy

2 Development of hotels and residence facilities


Mountain museum depicting the rich history and tradition related to mountaineering of the region and world-wide.

Local culture-themed villages depicting culture, architecture, tradition (food, dances, etc.) can be established. These villages would provide accommodation, eating places, restrooms, and can also serve as live museum to visitors. Renovation of existing facilities and services.

Existing roads to be upgraded, development of trails and tunnelways where required and feasible.

3 Mountain museum

4 Cultural village, regeneration, and conservation

6 Supporting infrastructure

According to recent statistics, the number of tourists visiting Nepal for trekking and mountaineering reached 75,217. The exotic Himalayan range of Nepal attracts thousands of tourists every year with admiration for the picturesque beauty of Nepal and for the zeal of adventure tourism. Creating an infrastructure for mountain climbing training and other related activities could cater to both diverted as well as generated customers.

Currently, there are limited options for adventure tourists to prepare for attempting to experience and explore the challenging terrain of Nepal in Nepal itself. There is room for more investment in infrastructure such as Mountain Academy to gain a greater share of the industry.

Nepal is blessed with majestic Himalayas that attracts thousands of mountaineers every year. These mountaineers are trained throughout the world and such activity represents a huge market globally. Rolwaling Valley has historical significance as it was the part of the traditional route form Tibet to the Indian subcontinent. It also has many small peaks which naturally work as places for climbing and training. Developing a Mountain Academy in Rolwaling would help to build on the inherent comparative advantage of the region.

MARKET ASSESSMENT

1 Demand

2 Supply

3 Market Opportunity






a. Pre- Construction Period: 1 year

b. Financial Closure: 1 year








~ USD 45 million












CONTACT DETAILS


SHEY PHOKSHUNDO LUXURY RESORT PROJECT


SALIENT FEATURES

Shey Phokshundo Luxury Resort Project

Tourism

Luxury Tourism

GENERAL

1 Name of Project

2 Sector

3 Type

PROJECT LOCATION


1 Province

2 Project Location

1 Shey Luxury Resort

Karnali Province

Shey Phokshundo (Location Map)

A fully integrated and comprehensive 5-star resort with a capacity of 100 rooms overlooking the magnificent views of the majestic Shey Phoksundo National Park which includes the Phoksundo Lake. The hotel will also be a tourist attraction as it will be the 5-star resort at the highest altitude in Nepal. The rustic charm of the Shey Phokshundo, the peaceful and tranquil environment, serene climate and the grandiose hospitality of the luxury resort is expected to attract tourist who intend to experience a true extraordinaire experience nestled with nature.

The resort would have luxurious rooms/suits, rooms with breath-taking views, finest cuisine and with the most impeccable hospitality service and amenities. The luxury


2 Trekking and hiking trail

resort could offer the following features: multi-cuisine fine dining restaurant, wine cellar, conference and meeting halls, indoor and outdoor swimming pool, casino and leisure centre, golf course, spa and wellness areas, parking facilities, and helipad

Phoksundo teahouse trek is Dolpa’s only teahouse trek where the trail passes through magnificent Himalayan Forest and scenic traditional villages. The hiking and trekking trail at the Shey Phoksundo area would offer various services such as tea house, local restaurants, local lodges and basic amenities.

MARKET ASSESSMENT

1 Demand

2 Supply

3 Opportunity

Globally, the luxury tourism market is expected to grow consistently. In Nepal, according to recent statistics, the number of tourists visiting for holiday and pleasure has reached 6,58,153. The exotic Himalayan range of Nepal, scenic beauty of the gorgeous terrain and the cultural diversity attracts thousands of tourists every year with admiration for picturesque beauty of Nepal. 535 tourists visited Shey Phoksundo National Park in 2016/17. Lack of accessibility and infrastructure has hindered the flow of tourists in the region. The federal and provincial Government’s current emphasis on accessibility is likely to drastically increase the tourist flow in the region. In this context, creating an avenue where both the elements of scenic beauty and luxury tourism could draw high-end tourists to Nepal.

Currently, there are no proper accommodation facility within the area. Trekkers and tourists are bound to resort to homestay or local accommodation. A project of this nature would help to attract high-end tourists in the area and would have a catalytic effect on the overall inflow of tourists/visitors through the development of ecological park and trekking trail.

Nepal is blessed with majestic Himalayas which are yet unexplored and underutilized. Developing a luxury resort in Shey Phoksundo would help to attract tourists with an interest to explore the rustic charm of the area, the peaceful and tranquil environment, serene climate and the grandiose hospitality of the highest luxury resort of Nepal. Development of such project would help Nepal tap into the high-end tourism market and would also contribute in the overall development of the area.
















~ USD 100 million


PROJECT STATUS


The Office of the Investment Board (OIBN) is commissioning a study to evaluate the feasibility of setting up a Luxury Resort in Shey Phoksundo. It is currently evaluating the Request for Proposals (RFPs) received from short-listed companies which had submitted Expression

of Interests (EOI) letters to conduct feasibility studies for the development and operation of the Luxury Resort Project. The companies include: ERMC Pvt. Ltd., Ernst & Young LLP, KPMG Advisory Services Pvt. Ltd. and Full Bright Consultancy Pvt. Ltd.










CONTACT DETAILS


SKI RESORT IN MANANG PROJECT


SALIENT FEATURES

Ski Resort in Manang Project

Tourism and Sports

Luxury Ski Resort

Gandaki Province

Manang (Location Map)

A four-season resort operating and focusing on activities for all year round and for varying age group to address the issues of ski resorts having high dependency on seasonal guests. Development of 40-bed luxury resort divided into mountain hotel and 10 luxury club lodges. The mountain hotel would be well equipped with: assortment of rooms ranging from luxury suites and premium suites, multi- cuisine restaurant, state of the art meeting rooms and banquet halls, health club including heated pools, spa, and sauna, and international standard and personalized service and amenities. Private lodge are exclusive retreats. The rooms are designed to ensure provide private and customized hospitality services and provide an exceptional experience in the lap of the Himalayas.

GENERAL

PROJECT LOCATION


1 Name of Project

2 Sector

3 Type

1 Province

2 Project Location

1 Luxury Resort


The ski club would offer various ski tow related services to provide recreational services to the visitors: chairlift (4), magic carpet (2), outdoor winter and summer terrace, slopes for all level of skiers, daily/weekly locket rental, mountain biking rental services, hiking trail, restaurant, and shuttle service.

As the snowfall in the Manang area is seasonal, a snow-making system would be installed to attract tourists year-round.

Annapurna circuit is one of the most popular treks which comprises of some of the world’s highest peaks of above 8,000m elevation and the Kali Gandaki valley attracting tourists from all over the world and capturing 60% of the total trekkers in Nepal. Upper Manang is a part of the Annapurna circuit. The trekking trail at the Upper Manang region offer various services such as tea house, local restaurants, local lodges and basic amenities. These services could be upgraded.

2 Ski tow system (Ski Club)

3 Snow making system

4 Hiking and Trekking trail

According to recent statistics, the number of tourists visiting Nepal for trekking and mountaineering reached 75,217. The exotic Himalayan range of Nepal attracts thousands of tourists every year with admiration for the picturesque beauty of Nepal and for the zeal of adventure tourism. However, at present, only limited number of tourist products and services are available. Creating an avenue where both the elements of scenic beauty and adventure tourism such as skiing, trekking and hiking are present could draw tourists to Nepal.

Currently, there are limited options for adventure tourists to experience and explore the challenging terrain of Nepal at the comfort of a luxury resort. There are limited hotel choices around the area with minimal amenities available. To retain tourists for a longer stay and to explore the option of adventure tourism through ski resort which will be first in Nepal would contribute towards the development of tourism in Nepal.

Nepal is blessed with majestic Himalayas which are yet unexplored and underutilized. Developing a luxury ski resort in Manang would help to attract tourists with an interest to explore the challenging terrain of Nepal along with a comfortable and luxurious stay at the scenic haven. Development of such project would help Nepal tap into the high-end tourism market and would also contribute in the overall development of the area.

MARKET ASSESSMENT

1 Demand

2 Supply

3 Opportunity















~ USD 100 million



PROJECT STATUSThe Office of the Investment Board (OIBN) is commissioning a study to evaluate the feasibility of setting up a Ski Resort in Manang. It is currently evaluating the Request for Proposals (RFPs) received from short-listed companies which had submitted Expression of Interests

(EOI) letters to conduct feasibility studies for the development and operation of the Ski Resort Project. The companies include: ERMC Pvt. Ltd., Ernst & Young LLP, ILF Consulting Engineers Austria GmbH, KPMG Advisory Services Pvt. Ltd. and Full Bright Consultancy Pvt. Ltd.










CONTACT DETAILS


KHAPTAD INTEGRATED TOURISM PROJECT


SALIENT FEATURES

Khaptad Integrated Tourism Project

Tourism with transportation

Spiritual destination development

Sudurpaschim Province

Khaptad National Park (Location Map)

Cable car from Jhingrana post to the office of Khaptad National Park, the total length of which will be around 7 km. One of the options for cable car technology is the “Monocable Detachable Circulating Gondola” type carrier. This system consists of a single rope to support and control the motion of the gondolas.

GENERAL

PROJECT LOCATION


1 Name of Project

2 Sector

3 Type

1 Province

2 Project Location

1 Cable Car


3 Development of star hotels

4 Sports and wellness activities

5 Cultural/spiritual/pre-historic village and museum

6 Development of trails and supporting infrastructure


A total of two hotels of star standard will also be developed. The hotel would offer both high-end luxury as well as standard travel experiences. These hotels would offer a fully integrated and comprehensive experience with opportunity to explore the National Park. The tariff of these hotels will be fixed and will be changed only in consent with the provincial and local government.

Infrastructure for various activities such as golf, yoga, meditation, horse-riding, climbing, herbal treatment, cycling, heli service, sky-diving, among others will be developed. In addition to this, organic food locally produced will be served to the visitors.

One of the components of the project will be a village which reflects the spiritual heritage of the Khaptad area. In addition, a museum could be developed to showcase the life, times, and work of Khaptad Baba as well as history and folklore.

The road up to Jhingrana will be upgraded by the Government. Smart energy through the provision of energy with photovoltaic solar panel systems (solar irradiation of Khaptad area is around 4.21 kWh/m2/day) and hot water consumption be supplied through solar thermal systems.

Existing facilities and services of the National Park will be upgraded and renovated, and the conservation activities will also take place alongside.

MARKET ASSESSMENT

1 Demand

2 Supply

The size of the global luxury tourism market has been increasing and is poised for further growth, particularly due to the rise of high-income people in countries like India and China. Lonely Planet, a leading travel guide, ranked Nepal as the top value destination for 2017 in its annual “Best in Travel List”. Nepal has seen consistent growth in the number of tourist arrivals in the last three years, with impressive growth rates of about 40%, 25% and 25% in 2016, 2017 and 2018, respectively. In 2018, the country welcomed over 1.1 million tourists. However, despite its potential and pristine locations, Nepal is yet to cater to the demand for high-end tourism.

There are only a handful of places that offer high-end luxury tourism, almost all offered in places like Kathmandu, Pokhara and Chitwan. Despite their demand, many of the tourists are unable to explore unique places like Khaptad due to the lack of tourist infrastructure and connectivity.


Nepal offers world class destination due to its outstanding natural beauty, biodiversity, and rich cultural and religious heritage. Nepal, with its pleasant climate and warm hospitality, is ideally suited for being developed as world class destination for luxury tourism. It provides peaceful and safe choice along with scenic and splendid natural beauty and unique blend of cultures. Khaptad offers such opportunity to create a ‘high value, low impact’ tourism due to its ‘uniqueness’ and potential ‘brand imagery’.

3 Market Opportunity
















1 Total Project Cost (including Interest During Construction and land acquisition)


3 Project IRR

4 Equity IRR

~ USD 187 million

12.00%

16.95% (preliminary estimate)

25.40% (preliminary estimate)










CONTACT DETAILS


DAMAULI MULTI-PURPOSE TOURISM PROJECT · Pokhara is a key attraction for tourists visiting Nepal,...

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Transcript of DAMAULI MULTI-PURPOSE TOURISM PROJECT · Pokhara is a key attraction for tourists visiting Nepal,...