New highway infrastructure planned for Nepal

Interest is said to be strong for a key highway project in Nepal. The project to build the US$1.02 billion Kathmandu-Tarai Fast Track route has attracted interest from China in the shape of the China Infrastructure Investment Corporation (CIIC) and from India with Reliance Infrastructure, and Shapoorji Pallonji. The 76km highway will commence at Khokana and connect capital Kathmandu with Nijgadh. Should CIIC win the deal it has said it will source funding from China’s Exim Bank. The project has been hit by
March 18, 2014 Read time: 2 mins
Interest is said to be strong for a key highway project in Nepal. The project to build the US$1.02 billion Kathmandu-Tarai Fast Track route has attracted interest from China in the shape of the China Infrastructure Investment Corporation (CIIC) and from India with 1234 Reliance Infrastructure, and Shapoorji Pallonji. The 76km highway will commence at Khokana and connect capital Kathmandu with Nijgadh. Should CIIC win the deal it has said it will source funding from China’s Exim Bank. The project has been hit by various delays and is being offered under a build-operate-own transfer concession package to attract investors. The 5283 Nepalese Government has vowed to improve connections from the capital and the highway is needed both to upgrade the country’s links with its neighbours as well as to join with the proposed second international airport at Nijgadh. Land acquisition for the project is underway, although there have been some changes to the route and it will now run alongside the Bagmati River rather than the earlier proposed route. Some sections of the road, which will connect Kthamndu with the Southern Plains, have been constructed already by the Nepalese Army. The Kathmandu-Tarai Fast Track project is one seen as of key importance for Nepal, along with the Kathmandu-Hetauda Tunnel Highway. Both projects have so far been delayed due to funding issues but now look to be gaining momentum.
Road Structures

For more information on companies in this article

Related Content

  • Plans in hand for Slovakia’s longest tunnel
    June 16, 2014
    In Slovakia plans are being made for a new project that will become the country’s longest tunnel when it is complete. Salini Impregilo is the contractor heading the project. The work looks set to cost in the order of €410 million and the project is due for completion in late 2019 or early 2020. Although there was a lower priced bid for the project, this was excluded due to technical problems relating to the proposed tunnel exits. The Visnove Tunnel will measure some 7.7km long and will be constructed in the
    Read More
  • US$700 million for new Argentina bridge
    November 27, 2023
    A US$700 million loan is helping pay for new bridge in Argentina.
    Read More
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.
    Read More
  • Mexico’s new Jala-Puerto Vallarta Highway
    August 29, 2017
    Mexico’s highway infrastructure plays a key role in the country’s economy, carrying around 55% of its freight and 98% of its passenger traffic. To meet this demand, the network has 377,660km of roads in all. This is split between the 49,652km federal highway network, the 83,982km of state roads, 169.429km of rural roads and 74,596km of access roads. mHowever, although the federal road network manages to connect a large part of the country's strategic points, some stretches already present problems with satu
    Read More

Highlighted Content