Kathmandu. KATHMANDU: The government has appointed Sushil Babu Dhakal, joint-secretary at the Ministry of Physical Infrastructure and Transport, to the board of directors of Nepal Insurance Authority (NEA).
Dhakal became the first representative of the technical ministry to reach the Board of Directors after the Ordinance amended the Maa Act-2079 through an ordinance and changed the structure of the Board of Directors.
Earlier, there was a provision of ex-officio members of the NRA’s board, including the joint secretaries of the Ministry of Finance and Ministry of Law, Justice and Parliamentary Affairs. The government has widened the scope of the board keeping in mind the risks in the infrastructure sector and the growing importance of insurance.
Sushil Babu Dhakal is the Project Director at the Project Directorate under the Department of Roads. He is a Gazetted First Class (Joint Secretary) Officer of the Civil Service. He has more than 15 years of experience in the construction and management of roads and bridges. He holds a Master’s degree in Transportation Engineering. He is a strong proponent of sustainable transport management. He has years of project management expertise in highway and bridge construction under FIDIC contract terms.
In addition, he also prepared materials on addressing biodiversity and ecosystem services in ADB-funded road projects in Nepal on 26 October 2022.
Currently, 4 members have been appointed to the board of directors of NEA.
Chairperson: Secretary Chandrakala Paudel appointed by the government
Member: Joint Secretary, Ministry of Finance Suman Dahal
Member: Joint Secretary, Ministry of Law, Justice and Parliamentary Affairs Man Bahadur Aryal
Member: Joint Secretary, Ministry of Physical Infrastructure and Transport Sushil Babu Dhakal
Now, only one post of insurance is vacant to give full shape to the board. According to the Act, a person having special knowledge in the field of life or non-life insurance will be appointed to the post.
Representation from the concerned ministries has been made for insurance management and technical risk mitigation of large physical infrastructure projects.
