Kathmandu Podway Company Pvt. Ltd. Is ideally positioned to develop a transportation system that is ideally suited for the culture, geography, and economics of Nepal. We will implement a proven, state-of-the-art personal mass transportation system across Nepal. This system will operate throughout all the major cities and connect the cities with very high-speed, computer-controlled cars.
We already have the political support essential for this venture. Further, we have firm agreements with two clients and we expect to sign agreements with at least another six jurisdictions during the next few months. This podway will be a matter of national prestige. It will be a major tourist draw. It will have a direct and immediate impact on the socioeconomic status of the country.
It will dramatically reduce carbon emissions and eliminate traffic deaths. It will create a new, major source of employment for Nepalis. Once the company offers shares on the public exchange, it will create a domestic investment opportunity that will be among the most attractive in the country. Recently, we raised initial funding for our first two projects. We are approaching likely venture capitalists, lending institutions, and government agencies to identify several potential funding sources.
We will build strong working relationships with universities, community colleges, and vocational schools to conduct research and development as well as prepare Nepali professionals and craftsmen to take leadership roles throughout the company. The company is led by executives with a pioneering spirit. They have worked in large, traditional corporations; they have built and led successful ventures in several countries. They developed the project management and financial management discipline required by working at the executive level for many decades.