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

Payment to Melamchi Water Supply Project sub-contractors yet to be finalized

CEO TAB by CEO TAB
February 26, 2020
in Prime News
0
construction works of the Melamchi Water Supply Project (MWSP)

construction works of the Melamchi Water Supply Project (MWSP)

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, February 26: The status of the payment which the Cooperativa Muratori e Cementisti (CMC), the former contractor of the Melamchi Water Supply Project, has to make to the subsidiary contractors and suppliers is still not decided.

You might also like

Govt Urges Businesses to Display Maximum Retail Price During Festive Season

Homegrown Flowers Turn into Cash Source Ahead of Tihar Festival

Gold Price Hits Record High Again, Reaches Rs 240,400 per Tola

The Ministry of Water Supply and Sanitation has stated that although the wages remaining to be paid to the local laborers have been finalized, the finalization of the payment to the sub-contractors and suppliers is yet to be achieved.

The Ministry has formed a technical committee to study the dues the Italian company owes on the basis of claims for payment made by the subsidiary contractors and suppliers.

Spokesperson of the Ministry, Ritesh Kumar Shakya said it will take some more time to pay the sub-contractor companies for the materials they have supplied for the project. “Verification is being done to check whether the claims made by the companies for payment of their dues are correct or not. The payment process will be forwarded once the verification is concluded,” he said.

The Italian company had not paid the workers and the sub-contractors when it left the project all of a sudden in the middle. Since then the sub-contractors and suppliers had been demanding that either the government should make CMC pay them or it itself pay their dues. They had also obstructed the project’s work calling for the payment.

The government has signed an agreement with Sino Hydro, a Chinese construction company, for the construction of the remaining works of the Project after the Italian company abruptly deserted it in December 2018.

As per the agreement, the Chinese company is required to complete the construction within 15 months since the signing of the agreement. The technical committee formed for resolving the problem related to the payment of the dues owed by the Italian company has said the problem would be sorted out within this week. It is also learned the Ministry is preparing to issue a ‘white paper’ declaring that the Melamchi Water Supply Project would be completed within July this year.

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Govt Urges Businesses to Display Maximum Retail Price During Festive Season

by CEO Tab
October 13, 2025
0
Government monitors over 1,300 business firms

The Department of Commerce, Supplies and Consumer Protection has once again reminded all concerned parties to ensure that goods sold and distributed during the festive season are properly...

Read more

Homegrown Flowers Turn into Cash Source Ahead of Tihar Festival

by CEO Tab
October 13, 2025
0
With Tihar just a week away, govt suspends import of Indian marigold garlands

As the Tihar festival approaches, ordinary residents in Mahottari have found a new source of income—selling flowers grown in their own home gardens. Local traders searching for marigold...

Read more

Gold Price Hits Record High Again, Reaches Rs 240,400 per Tola

by CEO Tab
October 13, 2025
0
NRB sells gold and silver coins for upcoming Tihar

The price of gold has increased again today, following a rise of Rs 3,000 per tola on Sunday. According to the Federation of Nepal Gold and Silver Dealers’...

Read more

NRB Approves Habib Bank’s Exit from Himalayan Bank Limited

by CEO Tab
October 13, 2025
0
NRB Approves Habib Bank’s Exit from Himalayan Bank Limited

Nepal Rastra Bank (NRB) has granted final approval to Pakistan’s Habib Bank Limited (HBL) to sell its shares in Himalayan Bank Limited to National Life Insurance Company (NLIC)....

Read more

Birgunj Customs Collects Highest Revenue from Petroleum Imports

by CEO Tab
October 12, 2025
0
Exports of Nepali goods double in four months

The Birgunj Customs Office has collected the highest revenue from petroleum imports in the first two months of the current fiscal year, amounting to Rs 11.18 billion. According...

Read more
Next Post
Nepal Poultry International Exhibition to be organized

Nepal Poultry International Exhibition to be organized

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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.