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
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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.
The long tale of woe concerning Poland’s troubled A2 highway project looks set to continue with the latest developments in the case. The Chinese contractor China Overseas Engineering Group Co (Covec) is appealing against a decision made by the Polish national road authority GDDKiA. The Polish authorities cancelled the contract that COVEC had previously been awarded to build a section of the A2 highway between Warsaw and Lodz.
Plans are being drawn up for a new bridge connection that will link Nepal with India. The bridge will span the Mechi River and will connect India’s Panitanki Bypass with Nepal’s East-West Highway. The project has been the subject of discussions between the two countries and is now moving forward following the successful conclusions of talks. The aim of the project is to boost trade and transport between the two nations. Construction of the 1.5km bridge link is expected to cost US$24.8 million
Financially delinquent contractors working on Indian projects will, from now on, find they are labelled a “non-performer” and barred from further work until they remedy their cash flow.
The move by the National Highway Authority of India (NHAI) is an attempt to speed up site work and complete public-private partnership road projects on time. Under the new policies, firms that delay construction or fail to inject their share of capital into their projects will be barred from participating in fresh bids un
