Finance Ministry guarantees Rs 54.5 billion for 21 infrastructure projects
▸ Part of: Jomsom-Kagbeni Road Upgrade Begins Amidst Broader Infrastructure Funding
The Ministry of Finance has approved an unprecedented resource assurance of Rs 54.5 billion for 21 major multi-year infrastructure projects, a significant increase from previous practices. Line ministries are now required to initiate procurement and publish tenders within two months, before the fiscal year ends in mid-July. Major allocations include funding for the Postal Highway, Kaligandaki Corridor, and Karnali Corridor projects, with a warning that funding assurances will expire if procurement does not begin this fiscal year.
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