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Khabarhub clickmandu
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Started 2 days ago · Updated 10 hours ago

Nepal's Finance Minister Unveils Ambitious Infrastructure and Development Plans

Photo · english.khabarhub.com

Finance Minister Swarnim Wagle presented the federal budget for the upcoming fiscal year, outlining significant allocations for road infrastructure, including the blacktopping of 1,000 kilometers of roads and a Rs 37.46 billion investment in the East-West Highway upgrade. The government also aims to ensure universal access to 24/7 clean drinking water through smart systems within five years.

  • The government plans to complete the construction of the Postal Highway within three years and expedite the Pushpa Lal Highway within two years.
  • A total of Rs 286.48 billion has been allocated for road and urban infrastructure development, with Rs 28 billion earmarked for ensuring dust-free, pothole-free urban roads.
  • The East-West Highway's four-lane expansion is targeted for completion within five years, with specific segments like Kamala-Kanchanpur and Butwal-Narayanghat slated for completion in the upcoming fiscal year.
  • The government will also focus on constructing 200 road bridges and 10 stadiums with floodlights within the next three years.
  • Plans include reviving state-owned enterprises like Gorkhakali Rubber Industry through public-private partnerships and merging HIDCL with similar entities to form a specialized infrastructure powerhouse.

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Swarnim Wagle Federal Parliament Gorkhakali Rubber Industry East–West Highway Hydropower Investment and Development Company Limited

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