KATHMANDU, Dec 14: President of the Federation of Constructors’ Associations of Nepal Ravi Singh has demanded that the government and the Nepal Rastra Bank (NRB) coordinate to make arrangements for payment to construction companies.
Speaking at the 15th general assembly of the Society of Economic Journalists in Kathmandu on Saturday, he warned that more than 90 percent of construction entrepreneurs will go bankrupt after mid-December.
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He demanded that the government needs to solve the problem by coordinating with the NRB. Singh said that the problems of construction entrepreneurs will not be solved by extending the deadline alone, and the government should take the initiative to make the country's economy smooth and dynamic. He alleged that the government has not been able to make the country's construction sector and industry dynamic.
“I have told the Finance Minister that we cannot move the construction sector forward as we are not able to do more business due to non-payment of installments,” he said, “Is the government trying to make the construction sector go bankrupt after mid-December?”
