Skip to main content

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.

For more information on companies in this article

Related Content

  • US$201.5 million loan for Ivory Coast road
    October 7, 2024
    A US$201.5 million loan will help pay for an Ivory Coast road project
  • China helps Nepal plan capital ring road upgrade
    February 24, 2012
    China is providing technical assistance for the upgrading of the 27km ring road project for Nepalese capital Kathmandu.
  • Nepal road improvement project starts
    March 28, 2019
    Work is now underway on a major road improvement project in central Nepal. The Chinese contractor, China Construction Seventh Engineering Division (CSSED), is carrying out the upgrade of the East-West Highway route linking Narayagadh and Butwal. The 131km road improvement project is worth US$142.9 million and is expected to be ready by the end of 2022. The project will boost capacity and safety for drivers on the route by widening the road so that it has two lanes in either direction, rather than just one l
  • Philippines project finding funding
    December 20, 2017
    Road in the area around Mindanao in the Philippines will benefit from the provision of a loan worth US$380 million. This funding package is being supplied by the Asian Development Bank (ADB). The loan will be used for the Improving Growth Corridors in Mindanao Road Sector project. This is intended to improve and upgrade up to 280km of roads in the area. A further $123 million is being provided by the Philippines Government for the work, which will cost $503 million in all.