KATHMANDU, Nov 7: The Chinese international non-government organization (INGO)- Asia Pacific Exchange Cooperation Foundation (APECF) - on Wednesday signed a memorandum of understanding (MoU) with Lumbini Development Steering Committee (LDSC) for the development and preservation of all aspects of ´Greater Lumbini´.
Executive Vice Chairman of APECF Linus Xiao Wunan and chairman of the LDSC Puspa Kamal Dahal signed the agreement targeting to invest more than US$ 3 billion to develop Lumbini as an international peace city.
Speaking at the MoU signing ceremony, Wunan said further investment in Lumbini depended on the political leadership of Nepal. “We are positive to support it, but it will depend upon the policy of Nepal´s government,” said he.
He further said the foundation was enthusiastic to implement the project and he was happy to receive the support from various international organizations including the United Nations. “The MoU is going to be an important step to maintain peace and development between the two countries and the world,” he said.
Chairman Dahal said, “During my visit I have found international community very keen to see the birth place of Lord Gautam Buddha as international peace city.” He said the agreement was important not simply to bring financial assistance but to maintain peace and stability in Nepal and the whole region.
“China, India and Nepal can come together through Lumbini as we all share cultural and religious similarities,” he said that the agreement was going to create positive atmosphere amongst the three countries and the entire world.
Speaking to the press later, Wunan said that although the major target of the project was to develop Lumbini, the foundation was positive to diversify its investment across the country.