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

  • Modified asphalt trials in Brazil
    October 17, 2012
    An urgent need to improve and extend its road network means that Brazil is open to innovation and new ideas - the timing looks good for Kraton and its highly modified asphalt. Kristina Smith reports On 15th August Brazilian president Dilma Rousseff announced a US$66 billion (BRL 133 billion) investment package for the country’s road and rail networks. Of that, $21 billion (BRL 42 billion) is earmarked for the upgrade or construction of 7,500km of highways through a series of concessions. “We’re starting an
    Read More
  • Sunderland’s New Wear Crossing takes shape
    February 16, 2017
    The New Wear Crossing will be the first bridge to be built over the River Wear in Sunderland, UK, for more than 40 years Raising the bridge’s 100m-tall pylon promised to be a stunning visual sight, but also a tricky operation dictated by extremely variable local weather. World Highways went to press just before the operation, but not before the pylon had arrived by barge on January 7. It had completed a two-day crossing of the often unpredictable North Sea from the Belgian port of Ghent where it was f
    Read More
  • Colombia dual carriageway concession awarded
    January 29, 2021
    A key Colombian dual carriageway concession has been awarded.
    Read More
  • Vietnam’s key highway project receiving initial funding
    November 15, 2018
    Funding from the World Bank will help with the development of Vietnam’s North-South Expressway project. The Vietnamese Government has sourced US$214 million for the project already from its own funds. The highway will stretch 654km across the country, speeding transport and helping develop trade and tourism. Because of the project’s scale, the work is being split into 11 separate stretches and should be complete by 2025.
    Read More

Highlighted Content