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

  • Texas highway project tackles congestion
    April 10, 2012
    A new highway project in Texas will tackle peak congestion
    Read More
  • Texas highway project tackles congestion
    May 3, 2012
    A new highway project in Texas will tackle peak congestion A major highway job is underway in Texas at present where contractor Northgate Constructors, a joint venture between Kiewit & Zachary, is working on the huge DFW Connector Project. Northgate is using equipment from Guntert & Zimmerman, an S850, S600, and two TC1500s, on the job.
    Read More
  • Ethiopia’s building roads
    November 29, 2013
    Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion. The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
    Read More
  • Key highway sections to be completed in Serbia in 2017
    January 16, 2017
    A series of major highway sections in Serbia should be completed during 2017, including work to two stretches of the key Corridor 10 project. In all, some 122km of highways are expected to be opened to traffic in Serbia during 2017. Greek contractor Actor is building an 18km stretch of Corridor 10 that runs from Surcin to Obrenovac part. This firm is also building a 19.5km section of Corridor 10 from the Ostruznica Bridge that spans the Sava River to Bubanj Potok, and a further 10km section leading to Buban
    Read More

Highlighted Content