KATHMANDU, Feb 15: The construction works of Khimti-2 Hydroelectric Project and Langtang Khola Hydroelectric Project (HEP) have come to a total halt as Chinese manpower have not returned to work due to the coronavirus outbreak in China.
KATHMANDU, Dec 19: Rural development projects financed and supported by the International Fund for Agricultural Development (IFAD) have contributed to increased agricultural productivity and incomes of smallholder farmers in Nepal, claimed a report prepared by the IFAD.
The Constituency Infrastructure Development Program (CIDP) has remained a controversial matter ever since it was started during the transitional politics. Its efficacy and transparency have always been under question. There have always been the reports of the elected leaders, who decide where they can spend the fund and how, misusing the state funds for the projects which they launch basically to fulfill the needs, also to warm the pockets, of their cadres instead of serving the needs of larger public.
Last month, some of us met visiting executive directors of the World Bank in Kathmandu. The fact that nine of 25 EDs came to Nepal demonstrated a level of curiosity the bank has about Nepal now. Nepal also seems to be increasing its engagement with the bank by entering into new loan agreements and starting new projects. Given the prevalence of both cost and time overrun in most of the projects in Nepal, one of the topics of discussion was “science of delivery”—how to improve the delivery of projects in Nepal.
DHADING, July 22: Nilkantha Municipality of Dhading had allocated Rs 140.2 million for construction of roads and bridges during the last fiscal year. Among the priority projects of the local unit, a few have been completed while the fate of some others hangs in the balance.
KATHMANDU, May 26: The National Planning Commission (NPC) has finalized the standards for classification and separation of projects and programs to be implemented by three tiers of government in the new federal set up.
KATHMANDU, May 16: Carrying out mega projects without the approval of the Environment Impact Assessment (EIA) report or in breach of the report will incur hefty fines for mega development projects or industrial ventures, following the endorsement of the Environment Protection Bill by parliament.
KATHMANDU, May 12: National concern and coordination committee has decided to demand information with the concerned ministry and stakeholders relating to the status of four major projects and the challenges before their implementation.
KATHMANDU, May 4: The government’s policy and program unveiled ahead of the annual budget is supposed to give a clear direction to its activities and expenditure in the upcoming fiscal year. But the policy and program unveiled by President Bidya Bhandari on Friday lack anything as such, according to economists.
Foreign Direct Investment (FDI) is an effective instrument for promoting sustainable development in Least Developed Countries (LDCs) like Nepal. Realizing this fact, the government of Nepal has organized three investment summits so far. First was in 1992 following the restoration of democracy. The investors attending the summit had pledged investment of approximately $100 million, but only around 25 percent of the pledged amount was realized.
Before and even after Nepal Investment Summit 2019, there have been debates for and against such investment promotion event. Some claimed this is not the right time to organize the event when investment-friendly environment is still elusive in the country. Others went to the extent of saying that it would be a mistake to go for such summit without evaluating the achievement of 2017 summit.
Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.
KATHMANDU, March 31: The two-day ‘Investment Summit 2019’ concluded on Saturday with the signing of 15 memorandums of understanding (MoUs) with and among various investors, in addition to investment commitments to 17 various projects.
KATHMANDU, March 30: Investors at home and abroad attending the 3rd Nepal Investment Summit have sought full implementation of Nepal government's commitment to put procedural reforms and policies for investment security, while expressing their excitements over favourable environment created for investment in Nepal.
The government of Nepal has organized Nepal Investment Summit, only two years after holding a similar conference, with more than 600 delegates from foreign governments, multinational institutions and companies around the world. Government has showcased 77 projects with cost of US$ 33.6 billion, and the private sector has proposed 17 projects at $1.8 billion, making the conference price tag $36.4 billion.
KATHMANDU, March 7: Nepal Infrastructure Bank Ltd has come into operation from Wednesday, aiming to generate finances for infrastructure projects. Minister for Finance Yuba Raj Khatiwada inaugurated the bank.
KATHMANDU, Feb 12: Eighth month of the current fiscal year is beginning on Wednesday. But the federal government is bringing projects, which were earlier handed over to provincial governments, under its ambit.
KATHMANDU, Dec. 21: Minister for Physical Infrastructure and Transport Raghubir Mahaseth has said that construction works of bridges would be monitored from the initial stages in the upcoming bridge projects.
KATHMANDU, Dec 3: Amid growing malpractices in the procurement of equipment, goods and services in mega infrastructure projects, the Commission for the Investigation of Abuse of Authority (CIAA) has circulated a 14-point work plan to all the ministries and agencies concerned in an attempt to end such misconduct.
KATHMANDU, Oct 3: The new leadership of Federation of Contractors’ Association Nepal has started lobbying to protect Pappu Construction Pvt Ltd -- a construction company that has left different development projects, mostly bridges, in limbo causing cost and time overruns.
The list of projects constructed by national army is long. It has constructed 1,030 kilometres of road in different parts of the country, particularly linking north-south remote parts of Nepal to the rest of the country.
KATHMANDU, Sept 19: Minister for Finance Yuba Raj Khatiwada has said that the central government is going to be under ‘double stress’ as the central government has to devolve resources as conditional grants for implementation of some projects but local level governments are not willing to construct them.
ROLPA, July 2: Home minister Ram Bahadur Thapa has been speaking of penalizing contractors who do not complete work on time. However, there are some contractors who have not received payments for works completed on time.
GORKHA, June 30: Former Prime Minister Baburam Bhattarai has complained that the government has excluded all major projects recommended from the district while formulating budget of the current fiscal year.
KATHMANDU, June 29: In yet another dispute over the implementation of federalism, lawmakers have been divided over whether ongoing development projects being implemented by the federal government should be handed over to the local and provincial levels or not.
DAILEKH, June 28: Two much-hyped drinking water projects of Dailekh-Majhuwa and Badalamji have failed to make any progress for the last decade. With the objective of supplying drinking water to the dense and dry settlements, the government has planned to spend Rs 190 millions for these two projects.
UDAYAPUR, June 27: As a part of the 'President Chure Tarai Madhesh Program', the extraction as well as buying and selling of construction materials has been banned in 12 districts attached with Chure since mid-July.
BEIJING, June 20: Eight different agreements were signed between Nepal and China in Beijing at the presence of Prime Minister KP Sharma Oli today. Agreements were signed between the government and private companies of both the countries to develop hydropower projects, cement industries and establishing highland food parks amid a function organized in Embassy of Nepal in Beijing.
KATHMANDU, June 20: Nepal officially started building the Kathmandu-Tarai Expressway in 2017. The government recently announced it is to build a railway line along the same route, extending all the way to Raxaul across the Indian border.