Nepal plans road improvements

The Nepalese Government looks set to increase its transport budget for the next fiscal year.
February 27, 2012 Read time: 1 min
The Nepalese Government looks set to increase its transport budget for the next fiscal year. A budget rise of 31.5% from US$399.3 million to $524.9 million has been set for work on Nepal's Mid-Hills Highway, North-South link roads and Postal Roads. The planned budget for the Mid-Hills Highway looks set to be increased from $18 million to $24.7 million, while the budget for Postal Roads in Terai has been boosted from $30.8 million to $70.3 million. However, details of the increased spending planned for other roads have not been revealed.

Related Content

  • Germany to boost infrastructure spending
    March 22, 2012
    Germany’s Government intends to boost transportation infrastructure spending, with the majority of funds going towards roads. An increase of €1 billion will be targeted at transport with some 60% of that budget being used for improvements to the country’s road network. In contracts some 30% will be for port, canal and general shipping infrastructure with a mere 10% for rail investment. The German Government has also granted approval for work to the next stretch of the A44 autobahn. The new 7km link will run
    Read More
  • Wacker Neuson sees business growth with strong results
    November 10, 2017
    The Wacker Neuson Group is reporting a strong third quarter performance for 2017. The company’s latest results reveal a marked increase in revenue and earnings and says it remains positive about the fourth quarter of 2017. Wacker Neuson says it expects its revenue and earnings forecast for the current fiscal year to come in at the higher end of previous forecasts. The Wacker Neuson Group reported revenue of € 378.7 million for the third quarter of 2017. This corresponds to an increase of 20% over the €315.
    Read More
  • New Zealand road earthquake damage bill nears NZD 1bn
    August 29, 2012
    The cost of rebuilding New Zealand roads damaged by earthquakes in Canterbury and Christchurch has reached almost NZD 1bn (US $808.04 million). It is reported that the money might have to come from the government's NZD 9bn budget to fund the country's land transport plans for the next three years.
    Read More
  • China’s Ningxia Hui region plans transport development
    February 1, 2017
    A huge budget for transport development has been set by the authorities in China's Ningxia Hui autonomous region. The US$3.2 billion (RMB 22 billion) budget for 2017 represents a 13.8% increase over the figures for 2016, revealing the extra focus being given to upgrading the region’s transport network. Of the budget, $1.454 billion will be used to boost the region’s network of highways. The Ningxia Hui autonomous region is located in the north of China and has a comparatively low population density, so this
    Read More

Highlighted Content