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

  • Formwork solutions for bridge maintenance and repair
    January 6, 2015
    An array of innovative formwork solutions have helped in the repair and construction of key bridge links - Mike Woof writes Formwork producers are continually developing novel solutions for bridge maintenance and construction applications. Several key structures have benefited from the novel use of formwork systems, with suppliers such as Doka, PERI, Pilosio and RMD all working on important structures in recent times. In Estonia, construction work is underway on the bypass around Tartu, the country’s
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Serbia’s road network may benefit from major Chinese investment
    September 27, 2012
    Talks between the Chinese Development Bank and the Serbian Government could result in Chinese funding for Serbian highway projects. The Danube coast project and the Corridor 11 highway project have been identified. Some €400-€450 million of Chinese financing could be made available to Serbia for highway projects following the most recent series of discussions. Serbia’s Ministry for Transport is also in talks with Chinese partners for the construction of a series of highway projects.
    Read More
  • Concession tender for Brazilian bridge
    December 8, 2014
    Brazil’s Transport Ministry is putting the concession contract to maintain the Rio-Niterói bridge in Rio de Janeiro out to tender. The present 20-year maintenance contract for the bridge held by Ponte will run out in May 31st 2015, reports Business News Americas. The new concession deal will involve maintaining the structure as well as building an underpass underneath Renascença square in Niterói. Construction of the 13.3km pre-stressed concrete structure commenced in 1968 and was completed in 1974, at whic
    Read More

Highlighted Content