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

  • Kenya highway projects starting
    March 11, 2019
    Construction work is starting on two important road projects in Kenya. These are for the Dongo Kundu Southern Bypass and for the Mau Highway. The Mau highway project is worth US$2 billion and forms part of the route that links Kenya’s key port at Mombasa through its capital Nairobi to the border with neighbouring Uganda. The 180km Nairobi-Nakuru-Mau section of the A104 route will feature two lanes in either direction. The deal is being handled under a package that includes design, financing, maintenance a
    Read More
  • Market bullish at bauma China 2016 exhibition
    February 1, 2017
    Key manufacturers reported a return to business confidence in China at the recent bauma China 2016 construction equipment exhibition The event was held at the Shanghai New International Expo Centre (SNIEC) and attracted 170,000 visitors from 149 countries, despite the cold weather and constant rain that plagued its first two days. The healthy attendance is a reflection of the gradually improving Chinese market. The Chinese economy suffered a slump in business levels in recent years, following a boom per
    Read More
  • Kathmandu's road widening project to ease congestion
    May 11, 2012
    The authorities in Nepal’s capital Kathmandu are working on widening the Kathmandu Valley road, a key project that has already seen the demolition of many structures along its boundary. The take-up of land has been eased by The Road Act, Nepal, which secures the roadside area of 25m on either side of the road on the National Highway.
    Read More
  • India’s infrastructure programme continues
    October 26, 2020
    The Indian Government continues to show high levels of aggressiveness for developing its road infrastructure.
    Read More

Highlighted Content