Nepal budget focusing on transport

Nepalese minister for finance Bishnu Prasad Paudel has highlighted the importance of transport as part of the country’s budget for the fiscal year 2016/2017. Key issues include reviving the economy affected by the earthquake and the supply system disruption and attaining high economic growth through increasing productivity and production. The budget will aid with promoting domestic and external investment and expanding economic activities, increasing income and employment and reducing poverty, in a bid to c
June 7, 2016 Read time: 2 mins
Nepalese minister for finance Bishnu Prasad Paudel has highlighted the importance of transport as part of the country’s budget for the fiscal year 2016/2017. Key issues include reviving the economy affected by the earthquake and the supply system disruption and attaining high economic growth through increasing productivity and production. The budget will aid with promoting domestic and external investment and expanding economic activities, increasing income and employment and reducing poverty, in a bid to create opportunities, build capacity and deliver quality social service to all Nepali people.

The post-earthquake reconstruction is targeting the rehabilitation and construction of roads and airports. The revised expenditure for the current Fiscal Year is estimated to be as US$6.55 billion.

Key projects include development of the new East-West highway and North-South corridor. In addition, the road connectivity programme will be implemented in all the provinces and district headquarters. The aim of this last is to integrate economic, commercial and touristic centres through modern, safe and standard road connectivity.

Construction of long-awaited Kathmandu- Nijagadh fast track, which is likely to contribute to economic, social and cultural transformation of Nepal, will be initiated from next year. The necessary budget has been allocated for the construction of Budhune- Hetauda stretch.
Finance & Funding Road Structures

Related Content

  • Rajasthan Mega Highways boost trade, tourism
    April 12, 2012
    Rajasthan is one of the most favoured tourist destinations of India for both domestic and international traffic on account of its rich array of historical forts, palaces, art and culture. In terms of area, Rajasthan is the country's largest state. Its size and strategic location means that it is traversed by substantial traffic linking the neighbouring states to the north and south. The National Highway (NH) road corridors currently accommodating this traffic are the NH-8, NH-11, NH-12, NH-14 and NH-1
    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
  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
    Read More
  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More

Highlighted Content