Issuing a press statement on Monday, the global body said that an additional financing agreement was signed by Finance Secretary Rameshwore Prasad Khanal and Susan G Goldmark, country director of the World Bank, on behalf of their respective authorities. [break]
Nepal´s road network and quality are among the lowest in the South Asia region. The headquarters of six of Nepal´s 75 districts are yet to be connected by road. Improving these inoperable roads to an all-weather standard and implementing a system of regular maintenance is essential for Nepal´s economic growth and social welfare, the statement added.
To help address these problems, the Rural Access Improvement and Decentralization Project (RAIDP) has been upgrading rural roads in 20 of Nepal´s 75 districts since 2005. With the new financing, the project will expand its operations to 10 more districts -- Bara, Parsa, Saptari, Tahahun, Gulmi, Arghakhanchi, Dang, Pyuthan, Surkhet and Kanchanpur.
The additional financing will help upgrade a further 550 km of rural roads to all-weather standard.
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