Funding secured for Nepal highway connection

A funding package has been secured that will help pay for a key road project in Nepal. The Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the Nepalese
October 11, 2018 Read time: 1 min
A funding package has been secured that will help pay for a key road project in Nepal. The 943 Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the 5283 Nepalese Government, which will provide the remaining $76.4 million required for the work, which is intended to cut congestion on the route. Construction is due to start in early 2019 and should take until 2022 to complete.
Finance & Funding

For more information on companies in this article

Related Content

  • Hungary road project, funding secured
    September 11, 2019
    Funding has been secured to help pay for an important road project connecting Hungary with neighbouring Slovakia. The EU is supplying €552.6 million, which will be used to improve the motorway that connects Hungary’s industrial city Miskolc with Tornyosnémeti, lying on the border with Slovakia. The work will include widening a 60km stretch of the existing route and constructing 48 new bridges. Construction is expected to be complete in the first quarter of 2022. The project is being financed through the EU’
    Read More
  • Czech highway funding secured
    May 10, 2021
    Funding has been secured for a major Czech highway.
    Read More
  • Vietnam's road expansion
    May 28, 2012
    Vietnam is seeing significant expansion of its highway network at present, with another three major projects now moving forward and much of the financial backing coming from other Asian nations such as South Korea and Japan. A feasibility study is being carried out for the 94km Nghi Son-Bai Vot expressway and this should be complete by October 2010. The project is expected to cost US$1.04 billion and the expressway will have either six or four lanes, based on Transport Engineering Design's study.
    Read More
  • US$346 million Charlotte, NC highway works
    August 16, 2024
    The US$346 million I-485 highway project for Charlotte, NC is underway.
    Read More

Highlighted Content