Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

World Bank approves $55 mln to strengthen Nepal’s strategic roads, bridges

byCT Report
26/08/2016
in International Customs, Nepal
Share on FacebookShare on Twitter

KATHMANDU: The World Bank approved a credit of US$ 55 million for the Government of Nepal to scale up its Road Sector Development Program and address post-earthquake reconstruction needs, including the strengthening of the country’s strategic road and bridge network to withstand future seismic and climate vulnerabilities.

The additional financing will top up World Bank support to the Roads Sector Development Project (RSDP) which has been ongoing since 2008. When it began, the project intended to provide residents in 10 beneficiary districts, including the poorest, in the mid-western and far-western regions of Nepal with all-season road connectivity, reduced travel time, and improvements in access to economic centers and social services. With the additional financing, 25 more districts stand to benefit from the maintenance of earthquake-affected bridges. The original 10 districts will also continue to benefit from road upgrading, slope stabilization and bridge works.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

The Road Sector Development Project has been the cornerstone of our support to Nepal’s strategic roads network for nearly a decade, said Takuya Kamata, World Bank Country Manager for Nepal. While the primary focus has been to develop connectivity in the poorest and remotest regions of the country, the 2015 earthquakes highlighted the need to improve the resilience of key roads and bridges to future natural shocks.

RSDP currently serves a population of 2 million in 10 districts in the mid-western and far-western regions of Nepal. The project will serve another 10.2 million Nepalis following the maintenance of earthquake affected bridges in the 25 additional districts. The bridges that will undergo maintenance in these districts provide connectivity along the Birgunj-Narayanghat-Mugling-Kathmandu corridor which carries the vast majority of freight into and out of Kathmandu and Pokhara. This corridor is among Nepal’s most vital infrastructure assets for supporting economic growth and development.

Nepal’s hills and mountains are susceptible to extreme precipitation, earthquake, and landslides that can result in severed connectivity, loss of life, and damage to property, said Farhad Ahmed, Task Team Leader for the project. Robust construction, better maintenance and improvements in the capacity to respond will help Nepal adapt to unforeseen events.

Tags: bridgesWorld Bank approves $55 mln to strengthen Nepal’s strategic roads

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Dubai hotels occupancy, revenues surge in July

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.