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

  • Nepal rural roads upgrade plan
    February 16, 2018
    Rural roads in Nepal look set to benefit from an upgrade programme, with partial funding from the Asian Development Bank (ADB). The Nepalese Government has set out plans for its Rural Connectivity Improvement Project, which targets upgrade work for 388km of rural roads. These links will be surfaced and financial support of US$100 million for the work will be sourced from the ADB.
    Read More
  • New Vietnam North-South highway link planned
    April 12, 2017
    Work on the new North-South Highway in Vietnam is now underway, with preparatory work having commenced in 2016 and construction scheduled for completion in 2020. The project is being carried out under the PPP model, with initial funding being provided by a system of Government Bonds. The project is expected to cost US$2.43 billion to complete. The tender process for the design phase of the project is now opening, while a pre-feasibility study has yet to be carried out. The project is being overseen by Vietn
    Read More
  • EBRD sets out new loans for Coratia’s road agency, Hrvatske autoceste
    April 1, 2016
    The European Bank for Reconstruction and Development (EBRD) and Hrvatske autoceste – a state-owned company in charge of the construction, maintenance and tolling of Croatia’s motorways – have signed a loan of up to €250 million. The EBRD’s sovereign-guaranteed loan will come in two tranches. The first €200 million will be used to refinance a portion of HAC’s sovereign-guaranteed debt falling due in 2016. The remaining €50 million will finance operational and efficiency improvements and may serve as a
    Read More
  • Loan for Nepal highway project
    December 6, 2016
    A new highway project in Nepal will benefit from a loan provided by the Asian Development Bank (ADB). The loan is worth nearly US$187 million. It will be used to help upgrade the country’s East-West Highway. In addition, the loan will will also be used to improve other key sections of Nepal’s road network. Key stretches of the 45km Bhairahawa-Taulihawa road as well as the 115km Narayanghat-Butwal road will be upgraded. Separate funding from the ADB will pay for technical assistance to Nepal’s Department of
    Read More

Highlighted Content