• ZenTravels-BRTNepal
  • sbgl
  • sahara
  • ace-advertise

Chinese Communications to build Nepal’s Capital City Outer Ring Road

Proposed Alignment of Outer Ring road. Image: KVDA

KATHMANDU: The 40th Investment Board held here today has decided to entrust a Chinese company with the responsibility constructing the over 70-kilometre Outer Ring Road in the Kathmandu Valley.
The meeting of the Board convened at Singha Durbar in chairmanship of Prime Minister KP Sharma Oli selected the Chinese Communications Construction Company among the short-listed companies for the same on the basis of criteria and evaluation.
Similarly, the meeting decided to assign the Zurich Airport International AG to develop a project plan relating to the Nijgadh International Airport under the Public Private Partnership concept.
Both the selected companies should submit Detail Project Report for their respective projects within 45 days.
Separate committees have been formed in coordination of Minister for Energy, Water Resources and Irrigation Barsha Man Pun for shortlisting the companies who would present their proposal for constructing West Seti and SR VI Joint Hydro Power Project and Lower Arun Hydro Power Project.
Instruction to furnishing integrated recommendation on the transportation system in Kathmandu Valley
Likewise, PM Oli in the meeting instructed the concerned Ministries and their line agencies to furnish their recommendations in an integrated way for the management and reform of the transportation system in the Kathmandu Valley.
Furthermore, the PM also directed the concerned agencies and Ministries to present the list of those willing to invest to streamline the transportation system in the Valley.
The PM pressed for close coordination between the Ministries and agencies for accomplishing all the projects on the stipulated time.
Board’s Chief Executive Director Maha Prasad Adhikari had presented the progress reports on various projects.

Published Date: Monday, September 23rd, 2019 | 07:49 AM

Your Responses

N24 Exclusive

View All

Solidarity Now Friday, February 28th, 2020

The world is facing a multitude of challenges, from climate change and inequality to the crisis of confidence in our political and economic institutions. The capitalist..

The New-Old Threat to Economic Freedom Thursday, February 27th, 2020

The West’s Final Countdown? Thursday, February 27th, 2020

China’s COVID-19 Moment Wednesday, February 26th, 2020

To Protect Democracy, Reform It Wednesday, February 26th, 2020