Nepal: Cable Car-01
Case Tracker
Complaint Overview
Confidential
Environmental, cultural, and social harm, lack of risk assessment, economic displacement, biodiversity impacts, absence of prior consent, destruction of sacred sites, intimidation, and delayed disclosure that hindered community engagement.
Project Information
USD $156,746
Synopsis
IFC is supporting IME Group in preparing four cable car projects through technical, financial, environmental and regulatory advisory services, as well as corporate governance support for the future operating entity. IFC indicated that it would explore blended and climate finance options to strengthen project viability and that, in return, it would seek the opportunity to act as lead financing arranger and mobilize additional investors, subject to agreed protections under the Project Services Agreement.
In August 2025, CAO received a complaint from community members regarding one of the cable car projects, alleging environmental, cultural, and social harm associated with the proposed project. The complaint raised concerns related to the lack of adequate risk assessment, economic displacement, impacts on biodiversity, the absence of prior consent, the destruction of sites of cultural and spiritual significance, and incidents of intimidation. The complainants also indicated that delayed disclosure of project information hindered meaningful community engagement.
In December 2025, CAO found the complaint eligible and began its assessment.
The case is under assessment.
Status as of March 10, 2026.