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

Govt warns to drop contract of Narayanghat-Butwal road

CEO Tab by CEO Tab
September 27, 2022
in Prime News
0
Govt warns to drop contract of Narayanghat-Butwal road
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

As the construction works along the Narayanghat-Butwal road section of the East West Highway remained intolerably slow, the government has warned the contractor of contract termination.

You might also like

Commercial Banks’ CD Ratio Falls Sharply Amid Weak Loan Demand

NEA Makes Four-Month Progress Reports Mandatory for Hydropower Projects Under Construction

Government Unveils Commercial Policy Implementation Action Plan 2081 to Boost Exports and Reduce Trade Deficit

Issuing a notice, the South Asia Sub-Regional Economic Cooperation Road Connectivity Project of the Department of Roads said that the contract agreement would be terminated if the existing way of working of the contractor has not been improved.

The 114 kilometres of road stretch was separated in two sections while awarding the contract through a global bidding process. The China State Construction Engineering Corporation Limited had won the tender bidding of both section for pledging to construct the road section in the minimum base rate. It is said that several complaints were received on the part of the construction company regarding the dillydallying of the project.

The project was expected to complete in August 7, 2022. However, the construction company completed just 18 per cent of the total task in the final deadline. Against this backdrop, the Department of Roads has warned to construction company to mend its ways and ensure reforms in a month otherwise get ready to face contract termination.

The Department has further said that the travelers and vehicles have faced several issues including difficulties in travel, air pollution and others due to carelessness of the construction company. The community people in the affected area have also suffered while road accidents have soared.

As the contract agreement ended on August 7, the government has extended the deadline for one more year at the request of the construction company but the construction works at present have halted, Chief Engineer of Narayanghat-Butwal Road Project (Eastern Section) Ramesh Kumar Dristi said. The project being developed with nearly Rs 17 billion in loan assistance from the Asian Development Bank.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Commercial Banks’ CD Ratio Falls Sharply Amid Weak Loan Demand

by CEO Tab
June 22, 2026
0
Commercial Banks’ CD Ratio Falls Sharply Amid Weak Loan Demand

The credit-deposit (CD) ratio of Nepal's commercial banks has declined significantly, reflecting the banking sector's growing difficulty in expanding lending despite ample liquidity and falling interest rates. According...

Read more

NEA Makes Four-Month Progress Reports Mandatory for Hydropower Projects Under Construction

by CEO Tab
June 22, 2026
0
NEA Makes Four-Month Progress Reports Mandatory for Hydropower Projects Under Construction

The Nepal Electricity Authority (NEA) has directed promoters of hydropower projects currently under construction to compulsorily submit periodic progress reports to ensure effective monitoring and timely completion of...

Read more

Government Unveils Commercial Policy Implementation Action Plan 2081 to Boost Exports and Reduce Trade Deficit

by CEO Tab
June 22, 2026
0
Government Unveils Commercial Policy Implementation Action Plan 2081 to Boost Exports and Reduce Trade Deficit

The government has introduced the Commercial Policy Implementation Action Plan 2081, aiming to transform Nepal into a more export-oriented economy by strengthening trade infrastructure, promoting digital commerce, and...

Read more

Bagmati Accounts for 36.71% of Nepal’s GDP, Revealing Wide Regional Economic Disparities

by CEO Tab
June 22, 2026
0
Bagmati Accounts for 36.71% of Nepal’s GDP, Revealing Wide Regional Economic Disparities

Bagmati Province contributes 36.71 percent of Nepal’s gross domestic product (GDP), making it the country's largest economic hub, while geographically remote Karnali Province contributes only 4.20 percent, highlighting...

Read more

Construction Begins on 16 MW Machha Khola Hydropower Project in Gorkha

by CEO Tab
June 21, 2026
0
Construction Begins on 16 MW Machha Khola Hydropower Project in Gorkha

Construction has officially commenced on the 16-megawatt Machha Khola Hydropower Project in Ward No. 5 of Dharche Rural Municipality, Gorkha district. The project, being developed by Water Energy...

Read more
Next Post
NRN allowed an opening bank account in Nepal for $1000

Nepali Rupee plunges to all-time low of Rs 130.90 today

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.