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

  • New road funding plans face uncertain future
    September 29, 2014
    Worldwide the issue of road investment is facing close scrutiny. Developing nations are concentrating on developing road networks, benefiting from foreign loans or investments. Meanwhile in developed nations, the focus is more on road network repair rather than expansion.
    Read More
  • Germany is developing infrastructure plans
    March 21, 2016
    The German Government's new transport investment strategy will see increased spending until 2030. The Ministry for Transport says that the emphasis will be on renovating existing infrastructure, instead of building new projects. Around 70% of investment will be for renovation and improvement projects, compared to 56% in the previous transport strategy. The plan is worth a total of €264.5 billion, an increase of €91 billion over the previous plan, with 49.4% targeted at road projects, 41.3% for rail and 9.3%
    Read More
  • New funding for 44 infrastructure projects
    December 26, 2024
    New funding awards escalate the launch of 44 major infrastructure projects.
    Read More
  • 1st IRF Europe & Central Asia Regional Congress held on in Turkey
    November 18, 2015
    The International Road Federation (IRF) organised its first Regional Congress & Exhibition in Istanbul, Turkey on 15–18 September, 2015 The IRF is a non-governmental, not-for-profit membership organisation founded in Washington, DC in 1948 with the mission to encourage and promote development and maintenance of better, safer and more sustainable roads and road networks around the world.
    Read More

Highlighted Content