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

  • Asian bitumen producers look overseas for business opportunities
    March 4, 2015
    While demand in some parts of Asia is strong, other countries such as China have been suffering from oversupply - World Highways reported from the Argus Asia-Pacific and Middle East Bitumen Conference in Singapore. Asia overtook the Americas as the world’s largest consumer of bitumen in 2012, with China accounting for the lion’s share – nearly two-thirds – of consumption. However, attendees at the Argus Asia-Pacific and Middle East Bitumen Conference held in Singapore on 24th-26th September last year heard
    Read More
  • Develop the Silk Roads, boost economic growth
    April 12, 2012
    Tony Pearce, honorary life member and former director-general of IRF Geneva, recalls the history of the Silk Roads, highlights their continued economic relevance and introduces IRF's active long-term commitment to their rehabilitation.
    Read More
  • Police in Nepal hold road safety event
    September 10, 2014
    Nepal’s road traffic policing is improving to help tackle safety – information provided by World Highways correspondent Ram Krishna Wagle The police in Nepal recently held a road safety exhibition, aimed at reducing the casualty rate on the country’s road network.
    Read More
  • Study for Colombia’s key city route
    October 6, 2016
    A feasibility study is underway for the highway project to connect Colombia’s capital Bogota with the country’s second city, Medellin. The 427km route will be of major benefit to the country by cutting journey times between the two cities to around five hours. However the project looks likely to face serious challenges, particularly with regard to the topography of key sections of the route. Tunnels may have to be constructed to avoid some of the steeper climbs on the current route. Widening the existing ro
    Read More

Highlighted Content