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ECONOMY

Both cost and time of national pride projects increase

KATHMANDU, July 14: Both the cost and time of the projects run under the national pride projects have been found to have increased.
By Republica

KATHMANDU, July 14: Both the cost and time of the projects run under the national pride projects have been found to have increased.


The 59th report of the Office of the Auditor General on Wednesday has mentioned it. 


The government in the fiscal year 2068/69 had kept 17 projects — building the foundations of prosperous road infrastructure development, increasing production and productivity of agriculture through irrigation facility, hydropower, airport construction, arrangement of drinking water as well as other sectors - on high priority and announced national pride projects for their implementation. 


There are now 24 different projects under the national pride projects. The report of the Office of the Auditor General mentioned that the progress detail of these projects till the fiscal year 2077/78 is nil.  


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Expedite national pride projects


Though the construction of national pride projects have been carried out with priority  for 10 years, other projects except the Upper Tamakoshi project have not been completed yet, reads the report.  Starting construction activities without preparing a detailed project report, lack of inter-bodies coordination, lack of construction capacity, weak monitoring and assessment are the reasons behind increase in time and cost of the national pride projects. 


According to the report, the cost and time of 10 different projects of the 24 national pride projects have increased. The physical progress of the Railway and Metro Development project, whose construction was started in the fiscal year 2066/67 BS, is nil.  


The report reads that although Rs 24.47 billion has been spent in the project so far, the physical progress was nil. The project has to be completed within fiscal year 2078/79 BS. The government has estimated Rs 555.22 billion for the construction of the project. 


Similarly, the physical progress of the Karnali corridor is only 28 per cent. So far, more than Rs 11.30 billion has been spent in the project which was started in fiscal year 2065/66 BS. It has to be completed within fiscal year 2079/80 BS. 


Likewise, the Koshi corridor, which started from fiscal year 2065/66 BS has reported only 24 percent physical progress. A total of Rs 30.58 billion has been spent so far for the project, which has to be completed within fiscal year 2080/81. 


The report mentions that the progress of projects like Mahakali irrigation project, North-South Kaligandaki project, Budhigandaki hydropower project, Sunkoshi Marin Diversion project, President Chure Tarai-Madhes Conservation Development Committee and Kathmandu Tarai-Madhes fast track is low. 


The physical progress of Mid-Hill highway is 57.84 per cent so far. A target has been set to complete the project which started in 2064/65 BS, within 2079/80 BS. Out of Rs 84.33 billion allocated by the government for the project, Rs 53.34 billion has been spent so far.


(RSS)


 

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