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.
In Peru plans are moving ahead for the Via Parque Rimac road project. Contractor Linea Amarilla (Lamsac) looks set to handle the deal, which will cost US$600 million in all to construct. Some $450 million of financing will be arranged for the project. The construction work involves building a tunnel under the Rimac River as well as construction two viaducts and is expected to require three years to complete.
Major highway projects are seeing progress in India. The US$1.52 billion Zojila Pass tunnel project is being planned in the state of Jammu and Kashmir. The project has been awarded to local road development firm IRB Infrastructure Developers (IRB). The 14.08km tunnel is expected to take seven years to complete. The concession for the project is for 22 years. As part of the deal, IRB will oversee the construction of 10.8km of approach roads on Srinagar-Sonamarg-Gumri Road in Jammu and Kashmir.
India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the Asian Development Bank (ADB).
