Physical Infrastructure Reconstruction Fund receives Rs 93 million

Kathmandu, Nov 24: The Physical Infrastructure Reconstruction Fund has received Rs 10.1 million from Life Insurance Corporation Nepal on Sunday.

Chief Executive Officer of LIC Nepal Pranaya Kumar handed over the voucher of the amount to Finance Minister Rameshwore Prasad Khanal.

The Fund is established by the government for the reconstruction of physical structures damaged from arson and vandalism during the Gen-Z protests happened on September 8 and 9.

Likewise, the employees of F1 Soft International, E-Sewa and Fonepay Payment Service Limited contributed Rs 7.5 million to the Fund.

Chairman of F1Soft Group Siddhantha Thakuri handed over the bank cheque to Minister Khanal on November 19.

The Fund has received Rs 93 million as of Sunday, Spokesperson of Finance Ministry Tanka Prasad Pandey said.

A bank account, 1960100102070004, has been opened at Rastriya Banijya Bank, Singha Durbar branch for the reconstruction fund.

The government has established the Physical Infrastructure Reconstruction Fund for the reconstruction of destroyed infrastructure, economic recovery, and relief operations. The government has also appealed to the provincial and local governments, the private sector, Nepali and foreign citizens, the non-resident Nepali community, friendly nations, development partners, and international organizations to extend their support in this campaign for reconstruction.