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

  • New road links will cut congestion in St Petersburg
    June 20, 2016
    Road building will solve the problem of traffic jams in St Petersburg – Eugene Gerden writes The authorities in Russian city St Petersburg plan to solve the problem of traffic jams in the city during the next few years. The strategy is expected to be achieved through road building and the improvement of transport connections between different districts in the city. Implementation of these plans will take place as part of the decree 355 "Of the Strategy of St Petersburg Economic and Social Development
    Read More
  • New Zealand’s Waterview project is moving closer to completion
    December 13, 2016
    New Zealand’s biggest road project is less than a year away from completion, and a lot of progress has been made since World Highways last looked at the project two years ago - Mary Searle Bell reports New Zealand’s Waterview project is moving closer to completion and will be the largest road project in the country. The NZ$2 billion Western Ring Route will see the creation of an alternative motorway to State Highway 1, which runs through the centre of Auckland. The 47km-long motorway will allow a large p
    Read More
  • Infrastructure plan for China’s Gansu Province
    March 3, 2015
    Major plans for infrastructure investment have been set out by the authorities in China’s Gansu Province. In all some US$79.9 billion is planned to be spent over the next six years. One of the key aims of this infrastructure programme is to improve China’s transport links with Central Asia. In all the programme of works calls for the construction of 60,000km of roads, including 4,070km of expressways. There are also plans to improve 12 commercial airports in Gansu Province. The sources of funding required f
    Read More
  • Nairobi road to nowhere?
    January 3, 2013
    International environmental pressure groups claim a vital road in Kenya goes through parkland as Shem Oirere reports. Kenya’s Nairobi Southern Bypass, a 28.6km stretch has become the second road project in East Africa to run into problems. Designed to the Class A International Trunk Road Standard, the route has been targeted by international environmental pressure groups following Tanzania’s Serengeti Highway, which was derailed last year. The US$208 million bypass will link Mombasa Road, near Ole Sereni Ho
    Read More

Highlighted Content