A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
August 11, 2017
Read time: 1 min
A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
Argentina is looking to source a series of loans to pay for six important road projects. The Inter-American Development Bank (IADB) is in discussions with officials in the country over the loans package, worth a total of US$200 million. The funding would be used for six PPP road projects. Other financing worth $900 million is also being secured for the six road projects, with some of the construction work already underway.
In Nepal a 159m long suspension bridge spanning the Trishuli River has collapsed, killing two and injuring 17 while five people are posted as missing. Meanwhile in neighbouring India, an old wooden bridge spanning the Rangit River has collapsed killing 32, injuring 70 and leaving 35 missing. A significant portion of those killed, injured or missing are Nepali speaking tea workers.
