Nepal's bridge building benefits from bank input

Nepal's transport network is to benefit from investment worth US$100 million, with a substantial portion being provided by the World Bank (WB).
February 15, 2012 Read time: 1 min
Nepal's transport network is to benefit from investment worth US$100 million, with a substantial portion being provided by the 2332 World Bank (WB). The funds will be used to build 200 new bridges and repair 1,400 existing structures. 2664 Nepal's Department of Roads (DoR) will invest $40 million, while the WB will provide the remaining $60 million. Nepal's Government has set aside funds already for its 2011-2012 financial year for bridge projects while the country's Ministry of Finance has been given proposals for an estimated bridge construction and maintenance budget from the 2437 Ministry of Physical Planning and Works (MoPPW) for the next financial year. So far this year work has commenced on 90 bridges and these projects are all expected to be complete by the end of 2011.
Road Structures

For more information on companies in this article

Related Content

  • Romania gets EIB funds
    February 20, 2012
    Funding worth nearly €600 million from the European Investment Bank (EIB) could help improve Romania’s national road network.
    Read More
  • Questions and delays afflict some key Indonesian transport project
    March 28, 2014
    Indonesia’s transport expansion programme is seeing new projects commence, but others afflicted by questions over feasibility and delays. Questions over the economic feasibility of the proposed Sunda Strait Bridge project have been raised by the Public Works Ministry. This mega-project is intended to provide a road link between Sumatra and Java. But construction of the 30km structure could cost up to US$23 billion and might not be fully recovered, even if the investor collects toll fees under a 100-year con
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • Nepal introducing smart licences and new number plates
    April 25, 2012
    The Nepalese government is introducing smart licences and embossed vehicle number plates from the 2012/2013 fiscal year which begins in July, 2012. The new initiative to use a uniform number plate with unique security features will greatly enhance enforcement of vehicle registration compliance and also make it easier to identify and take action on traffic offences
    Read More

Highlighted Content