Foreign firms bid offer for Kathmandu-Tarai Fast Track Project

The Nepalese government is inviting overseas firms to submit expressions of interest in taking part in the Kathmandu-Tarai Fast Track Project. The built-operate-transfer-based project will cost over US$ 906.41million (NPR 80bn). The expressway will span across 76kms. As much as 10% investment on the project's total cost can be invested by Nepali firms via joint venture or a consortium with overseas companies.
July 20, 2012 Read time: 2 mins
The Nepalese government is inviting overseas firms to submit expressions of interest in taking part in the Kathmandu-Tarai Fast Track Project.

The built-operate-transfer-based project will cost over US$ 906.41million (NPR 80bn). The expressway will span across 76kms. As much as 10% investment on the project's total cost can be invested by Nepali firms via joint venture or a consortium with overseas companies.

Meanwhile, the World Bank (WB) is providing funds worth $60 million to help Nepal build and repair bridges. The money will be used to build 121 new bridges and maintain 426 existing bridges that provide connections on Nepal’s Strategic Road Network (SRN).

This budget has been set under the WB’s lending mechanism, project for result (P4R). The sum will help Nepal tackle repairs to 89 bridges that are in need of urgent major maintenance and 95 that require minor maintenance. Road officials in Nepal are also setting out policy on whether to repair or replace all the old bridges in the Strategic Road Network over the next five years.

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