Another point concerns the implementation of a multi-party approach that includes expert analyses of the social and environmental dimensions. A multi-party approach can be extremely effective in water management, as it could help minimize risks that could have a negative impact on the lives of ordinary people in the long run. Public consultations, in which individuals are considered positive stakeholders, and a cost and risk assessment should be conducted to anticipate the trade-off between future losses and benefits of the project. These include the private sector, the national government, civil society representatives and dam experts who take environmental and social considerations into account. This agreement was reached on 25 April 1954 between the Government of the Kingdom of Nepal (hereafter referred to as the “government”) and the Indian government (hereafter referred to as the “Union”). 14. The government is responsible for maintaining public order in the project areas on the territory of Nepal. The Government and the Union review and take appropriate steps from time to time to achieve the above objective. The recent joint team meeting in New Nepal on the Kosi study in New Delhi rightly decided not to take any further decision on a detailed study of Kosi, without a complete clarification of the higher political level of each country, which should naturally be based on the opinions of relevant experts and national debates on all aspects of this largest multi-purpose hydroelectric project in the world.
While it is considered desirable to create a forum to discuss issues of common interest and to speed up decisions for the rapid completion of the Kosi project, a coordination committee has been agreed between the Indian Union and the Government of Nepal. The Committee is made up of three representatives from each country, appointed by the respective governments.