Five projects on fast-track

The government of Nepal has announced plans to fast-track the preparation of five key infrastructure projects worth approximately Rs 72bn, with financial backing from the World Bank. In a recent meeting at the Ministry of Finance, officials outlined the swift implementation of several critical development projects aimed at enhancing the nation’s infrastructure. The five projects, funded through concessional loans from the World Bank, include key upgrades to transportation, irrigation and energy sectors.

Among the projects set to be fast-tracked are the improvement of the Bagmati-Pathlaiya section of the East-West Highway, the construction of the third bridge, and the modernization of the electricity distribution system. Additionally, the third phase of the Rani Jamara Kulariya Irrigation Project and a digital service transformation project for accessibility and sustainability will also be prepared with urgency.