CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

ICP construction begins in Bhairahawa after 18 years of hold

CEO Tab by CEO Tab
March 8, 2023
in Prime News
0
ICP construction begins in Bhairahawa after 18 years of hold
76
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

The construction of the integrated check post (ICP) in Bhairahawa, which has been put on hold for the past 18 years, has started after the Nepali authorities finalized the land acquisition towards the Nepal side of the border.

You might also like

Nepal Oil Corporation Keeps Existing Fuel Prices Unchanged

Nepal Government’s Capital Expenditure Stuck at 32.53% With One Month Left in Fiscal Year

BFIs’ Margin Lending Against Shares Rises 15.5% to Rs 162.53 Billion

According to the Ministry of Industry, Commerce and Supplies, the government handed over the acquired land to the Indian side for construction of the ICP. The infrastructure of the ICP, which is expected to facilitate trade between the two countries, will spread across 35.11 hectares of land.

Nepal and India signed an agreement in 2005 for the construction of integrated check posts at various border points including the Birgunj-Raxaul, Biratnagar-Jogbani, Bhairahawa-Sunauli and Nepalgunj-Rupaidiya border points. As per the accord, the Indian government has agreed to bear all the construction costs while Nepal is needed to provide the land required for the check posts.

Of the planned infrastructures along the Nepal-India border, the ICP in Birgunj-Raxaul came into operation in May 2018. The construction of the ICP in Nepalgunj-Rupaidiya was started in March of the same year and is in the final stage of completion. Biratnagar-Jogbani check post started its full-fledged operation in January 2020.

The ICPs are considered one of the important trade logistics and are expected to facilitate trade between Nepal, India and other countries. They are also expected to reduce the cost of cross border trade. They offer warehouses, customs yards, banks, quarantines and laboratories, among others, for the traders under a single roof.

Bidur Khadka, chief of Bhairahawa-based ICP Project, said the Nepali side handed over the land area to the Indian construction company KSM Bashir Mohd and Sons, Lucknow. According to him, the Indian contractor has started construction of the warehouse, office and staffs’ official residence.

According to traders, the infrastructure will help end the problem of traffic congestion that is taking place on the premises of the office of the Bhairahawa Customs. Likewise, it is also expected to remove the hassle for importers and exporters who are compelled to take their goods either to Kolkata in India or Kathmandu in Nepal for lab testing of the farm products.    

The cost of the Bhairahawa-Sunauli ICP is projected to stand at INR 1.61 billion. As per the agreement, the Indian contractor will hand over the infrastructure in the next two years.  

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Nepal Oil Corporation Keeps Existing Fuel Prices Unchanged

by CEO Tab
June 16, 2026
0
Nepal Oil Corporation Keeps Existing Fuel Prices Unchanged

The Nepal Oil Corporation (NOC) has decided to continue the existing retail prices of petroleum products without any change. Although the corporation has received revised purchase prices from...

Read more

Nepal Government’s Capital Expenditure Stuck at 32.53% With One Month Left in Fiscal Year

by CEO Tab
June 16, 2026
0
Nepal Government’s Capital Expenditure Stuck at 32.53% With One Month Left in Fiscal Year

The government has spent only 32.53 percent of its allocated development budget, raising concerns over weak capital expenditure performance with just one month remaining in the current fiscal...

Read more

BFIs’ Margin Lending Against Shares Rises 15.5% to Rs 162.53 Billion

by CEO Tab
June 16, 2026
0
BFIs’ Margin Lending Against Shares Rises 15.5% to Rs 162.53 Billion

Banks and financial institutions (BFIs) in Nepal have increased their lending against share collateral by 15.5 percent, reaching a total of Rs 162.53 billion over the first 10...

Read more

NRB Flags Weak Governance, Rising Bad Loans and Regulatory Evasion in Banking Sector

by CEO Tab
June 16, 2026
0
NRB Flags Weak Governance, Rising Bad Loans and Regulatory Evasion in Banking Sector

Nepal Rastra Bank (NRB) has identified serious structural and governance-related problems in banks and financial institutions (BFIs), warning that weak oversight, rising non-performing loans, and regulatory evasion practices...

Read more

Nagdhunga–Sisnekhola Tunnel Set to Open in Mid-July as Final Preparations Near Completion

by CEO Tab
June 15, 2026
0
Nagdhunga–Sisnekhola Tunnel Set to Open in Mid-July as Final Preparations Near Completion

Nepal’s first commercial highway tunnel, the Nagdhunga–Sisnekhola Tunnel Road, is expected to come into operation from mid-July with final technical and operational preparations currently underway. According to project...

Read more
Next Post
DoC sets guidelines for cooperatives seeking merger 

"Cooperatives struggle to recover loans taken by their BoDs"

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.