Lawmakers on Friday asked the government to stop public land from being leased out to private firms after National Trading Limited (NTL) defied the parliamentary Public Accounts Committee’s order to cancel a rental deal for its property on Ram Shah Path and went ahead with it.
Speaking at the PAC meeting, lawmakers criticized the growing trend of leasing out state-owned land for commercial purposes lured by high rentals.
NTL has leased out 25 ropanis of land at Ram Shah Path to Infinity, a private company, for 33 years. The firm plans to erect a 17-storey business complex on the plot.
In 2010, concerned by the security risks that the proposed high-rise could pose to Singha Durbar, the country’s administrative centre, PAC had told NTL to scrap the rental pact with Infinity.
Disregarding the House panel’s order, the NTL management led by the then general manager Satya Narayan Mehta leased out the land to two other private companies named Khaptad Supplier and Yogambar.