Nepal, Aug. 14 -- The Millennium Challenge Account-Nepal (MCA-Nepal) has signed two major contracts to advance the compact's Electricity Transmission Project, jointly funded by the governments of Nepal and the United States.

In a press statement today, the MCA-Nepal said, "following the successful completion of the foreign aid review, the Millennium Challenge Corporation (MCC) Nepal Compact resumed work with renewed momentum and shared commitment from both governments."

The development underscores the shared commitment of both governments to delivering on one of Nepal's most transformative infrastructure partnerships, it has been said.

After a competitive international bidding process, MCA-Nepal awarded the Lot 2 contract (Ratmate to N...