Loan for Nepal highway project

A new highway project in Nepal will benefit from a loan provided by the Asian Development Bank (ADB). The loan is worth nearly US$187 million. It will be used to help upgrade the country’s East-West Highway. In addition, the loan will will also be used to improve other key sections of Nepal’s road network. Key stretches of the 45km Bhairahawa-Taulihawa road as well as the 115km Narayanghat-Butwal road will be upgraded. Separate funding from the ADB will pay for technical assistance to Nepal’s Department of
December 6, 2016 Read time: 1 min
A new highway project in Nepal will benefit from a loan provided by the Asian Development Bank (ADB). The loan is worth nearly US$187 million. It will be used to help upgrade the country’s East-West Highway. In addition, the loan will will also be used to improve other key sections of Nepal’s road network. Key stretches of the 45km Bhairahawa-Taulihawa road as well as the 115km Narayanghat-Butwal road will be upgraded. Separate funding from the ADB will pay for technical assistance to Nepal’s Department of Roads.
Finance & Funding Road Structures

Related Content

  • Chinese loan to pay for Nigerian road rebuild
    May 21, 2018
    A loan from the Export-Import Bank of China (Exim Bank of China) will help pay for the rebuilding of an important road section in Nigeria. Approval for the funding package was given by Nigeria’s Federal Executive Council, headed by the country’s president, Muhammadu Buhari. The funding will go towards phase II of the works to rebuild the road connecting capital Abuja with the city of Makurdi. The work will rebuild the A234 highway from Abuja to Akwanga, as well as the A3 highway running from Akwanga to Maku
    Read More
  • Nepal road tunnel work commencing
    October 25, 2019
    Construction work is commencing on the Nepal First Tunnel Road project.
    Read More
  • Green roads for India’s Madhya Pradesh State
    November 24, 2023
    Green roads will help to transform India’s Madhya Pradesh State.
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More

Highlighted Content