New funding helping Nepal plan for road development

The Nepalese Government is planning to spend a healthy US$ 1.3billion on developing major infrastructure projects. New roads and highways as well as energy projects are being prioritised. Funding will be provided jointly through the World Bank and the US Government body the Millennium Challenge Cooperation (MCC), as well as the Government of Nepal. The Kathmandu-Tarai Fast Track project has been suggested as a top priority. One-third of the funding will come from the World Bank, MCC and government while the
January 5, 2016 Read time: 1 min
The Nepalese Government is planning to spend a healthy US$ 1.3billion on developing major infrastructure projects. New roads and highways as well as energy projects are being prioritised. Funding will be provided jointly through the World Bank and the US Government body the Millennium Challenge Cooperation (MCC), as well as the Government of Nepal. The Kathmandu-Tarai Fast Track project has been suggested as a top priority. One-third of the funding will come from the World Bank, MCC and government while the balance will be come from private sources. The Kathmandu-Tarai Fast Track project has been on the table for some time and is one of several major road developments in planning in Nepal.
Finance & Funding

Related Content

  • Nepal's highway plans
    March 22, 2012
    The Nepalese Government is working on plans to build a series of highways that will improve north-south connectivity for this mountainous country.
    Read More
  • Nepal plans major infrastructure development
    July 21, 2015
    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
    Read More
  • Nepal road upgrades being planned
    November 28, 2016
    A series of infrastructure upgrades are planned for Nepal that will help improve its economic development. A key infrastructure requirement for Nepal is the development of its road network. In a move to tackle the issue, Nepal’s Ministry of Physical Infrastructure and Transport has initiated the strategy for the development of roads in all 75 districts by 2022. About US$7.5 billion has been estimated as being required for the completion of this project. Funding will require financing from internal sources
    Read More
  • Foreign firms bid offer for Kathmandu-Tarai Fast Track Project
    July 20, 2012
    The Nepalese government is inviting overseas firms to submit expressions of interest in taking part in the Kathmandu-Tarai Fast Track Project. The built-operate-transfer-based project will cost over US$ 906.41million (NPR 80bn). The expressway will span across 76kms. As much as 10% investment on the project's total cost can be invested by Nepali firms via joint venture or a consortium with overseas companies.
    Read More

Highlighted Content