Nepal is to boost road building activity

Nepal is to boost road building activity to revamp its economy.
Finance & Funding / August 7, 2020 55 seconds Read
By MJ Woof
Nepal is planning a series of road improvements – image © courtesy of Ram Krishna Wagle

Nepal is looking to improve its transport infrastructure in a move intended to boost its economy. Financing for the programme is being provided by the World Bank (WB).

The Nepalese Government wants to improve cross-border transport to neighbouring China and India in particular, while also upgrading routes inside the country. Better road safety is another aim of the new transport plan.

The World Bank has signed a deal with the Nepalese Government that will provide US$450 million of financing.

Reducing the time needed to transport goods across Nepal will help improve the country’s economy, as well as helping the country recover from the effects of the global pandemic.

The Nepal Government has set out its Strategic Road Connectivity and Trade Improvement Project with the aim of boosting economic development. One of the routes to be upgraded will be the road connecting Nagdhunga with Mugling and another will be the road between Kamala and Pathlaiya, which will be widened to allow two lanes in either direction.

For more information on companies in this article
catfish1