Day: February 17, 2014

The Nepal government is preparing to lease the Kathmandu-based old palaces for foreign and local investors who are willing to set up businesses catering to tourists in the next fiscal year, officials said Friday. The Nepal Tourism Board (NTB), a wing under Nepal's ministry of tourism, said it has already prepared profiles of 90 historical palaces and buildings in the country's capital. "As the spaces and buildings for initiating tourism-related business in Kathmandu is limited, there is still a strong need for them," says Subash Niroula, acting chief of the NTB. The NTB initiated a research, titled 'A study of historically and architecturally important buildings of Kathmandu Valley', earlier in 2013 aimed at identifying historically, archeologically and architecturally significant build