Nepal plans major infrastructure development

Nepal’s Ministry of Physical Infrastructure and Transport Management has been allocated US$524.48 million in the 2015-16 budget for developing infrastructure projects in the country. The country is faced with an additional challenge at present of repairing the links wrecked by the powerful earthquake that caused extensive damage all across Nepal. A budget of $309.8 million is being used for the Postal Highway, while a budget of $189.4 million has been set for the Mid-Hill highway. Some $97.1 million is bein
July 21, 2015 Read time: 1 min
Nepal’s Ministry of Physical Infrastructure and Transport Management has been allocated US$524.48 million in the 2015-16 budget for developing infrastructure projects in the country. The country is faced with an additional challenge at present of repairing the links wrecked by the powerful earthquake that caused extensive damage all across Nepal. A budget of $309.8 million is being used for the Postal Highway, while a budget of $189.4 million has been set for the Mid-Hill highway. Some $97.1 million is being used for the Kathmandu-Terai Fast-Track road and $24.3 million will be used to improve the Bhittamod-Janakpur road. The Nepalese Government has also earmarked $80.6 million for repair and maintenance work for strategic roads.
Finance & Funding

Related Content

  • FHWA providing US$729 million funding for emergency road repairs
    February 5, 2024
    The FHWA is providing US$729 million in funding for emergency road repairs in US states and protectorates.
    Read More
  • Guatemala road development requires planning
    July 31, 2017
    The Guatemala Government is now working on a plan to address the deficiencies in the country’s road network. Key issues include reforming State Procurement Law, giving greater authority to the general road agency, Direccion General de Caminos (DGC) and the Army Engineers Group, and stopping road projects that face serious problems.
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Mexico has major plans to improve transport network
    December 13, 2013
    Mexico’s transport and communications ministry (SCT) looks set to open tenders for 258 highway projects in 2014. Tenders for 13 projects covering work to repair, upgrade and widen over 2,000km of roads have already been revealed. Tenders being opened will also include building bridges and bypasses around congested urban areas. Key tenders include 48 in Chiapas, 35 projects in Oaxaca, 24 in San Luis Potosi and 11 in Guerrero and Veracruz. The road projects will account for some 20% of the overall infrastruct
    Read More

Highlighted Content