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

  • East Africa’s dream of a ‘Silk Road’ in sight
    October 22, 2021
    East Africa’s dream of a ‘Silk Road’ route to boost trade and transport is now in sight
    Read More
  • Nepal road upgrades being planned
    November 28, 2016
    A series of infrastructure upgrades are planned for Nepal that will help improve its economic development. A key infrastructure requirement for Nepal is the development of its road network. In a move to tackle the issue, Nepal’s Ministry of Physical Infrastructure and Transport has initiated the strategy for the development of roads in all 75 districts by 2022. About US$7.5 billion has been estimated as being required for the completion of this project. Funding will require financing from internal sources
    Read More
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Delays to key links for major Algerian highway
    April 16, 2015
    Delays are afflicting construction of a new highway that will connect with Algeria’s key East-West highway. The problems focus on the new highway being built to join Béjaïa with the East-West highway. The US$1.02 billion highway project was originally planned for completion by June 2016. However a shortage of construction workers from the local area for the 5,000 or so required means that personnel will have to be recruited from further afield, whether Algeria or neighbouring countries. Delays are also bein
    Read More

Highlighted Content