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

  • Bidding for Uganda road connecting Kampala and Jinja
    May 22, 2018
    In Uganda bidding is now underway for the new expressway project to improve transport between capital Kampala and the industrial city of Jinja. The project for the 95km section of road is expected to cost US$1 billion to construct. The contract is being offered under the design, finance, build and operate model, with the route then being handed back to the Ugandan Government once the agreed concession period is complete. Some of the financing will be provided by the Africa Development Bank (AfDB), French De
    Read More
  • Beijing's BICES reflects China's economic growth
    February 27, 2012
    The busy BICES show reflects China’s booming infrastructure investment and growing economy – Mike Woof reports. The recent BICES trade show in capital Beijing was extremely busy, with high visitor attendance levels and crowded aisles. The interest in the event strongly reflects the country’s massive infrastructure growth, which continues to develop. The construction equipment business has been identified as a key economic priority by the Chinese Government, with manufacturers being offered numerous incentiv
    Read More
  • Nepal’s earthquake devastation revealed
    April 30, 2015
    Reports from Nepal highlight the devastation the country has suffered due to its recent massive earthquake. Measuring an enormous 7.8 on the Richter scale, the quake has demolished many buildings in capital Kathmandu, as well as damaging roads and other infrastructure. This was followed by a series of aftershocks, one of which measured 6.7 on the Richter scale. World Highways correspondent Ram Krishna Wagle reports that with many road links to other towns severely damaged, this is hampering the relief eff
    Read More
  • Nepal highway subsidence problem causing traffic disturbance
    March 11, 2017
    Subsidence on a key stretch of highway in Nepal is causing major traffic disturbance. The BP Highway, also known as the Banepa- Sindhuli- Bardibas Road, has suffered subsidence on the Nepalthok-Khurkot stretch. The collapsed section measures 27m long and is causing delays for drivers. This Highway is an important route as it connets Nepal’s capital Kathmandu with Eastern Terai. Vehicles have been diverted to an alternative route, although part of the roadway is still being used to carry traffic in one d
    Read More

Highlighted Content