Saturday, March 30, 2019

DPRs of cross border railways to be completed within a year: Mahaseth

Nepal expects to complete Detail Project Reports (DPR) of cross border railways within a year.
Addressing a session on 'Building Sustainable Transport Infrastructure' during the Nepal Investment Summit 2019, here today, minister for Physical Infrastructure and Transport Raghubir Mahaseth said that Nepal is expecting to complete the (DPR) of Kathmandu-Kerung and Kathmandu-Raxual railways within a year.
"The East-West Railway is around 1100-kilometer," he said, adding that Nepal has already completed pre-feasibility survey of Kathmandu-Kerung and Kathmandu-Raxual railways. "We hope to complete DPRs of both the railways within one year."
He also said that the estimated cost of proposed Kathmandu-Kerung railway is around $3 billion. "Nepal is planning to finalise the DPR of the Kathmandu-Kerung railway project in six months," he said, adding that there will be discussion with the Chinese side about the modality of the DPR by the first week of April. "The government is working to improve transport infrastructure in the country."
Highlighting the need for cable car and e-vehicle among other transportation infrastructures, as an alternative transportation models in Nepal, he said that Nepal doesnot have technology in infrastructure development of Nepal. "Thus Nepal should develop this sector with the support from neighbouring countries."
Encouraging the private sector to invest in the aviation sector, Mahaseth said that Nepal is now heading to achieve sound economic growth. "Nepal is graduating to the middle-income country by 2030."
Inaugurated by the Prime Minister KP Sharma Oli today morning, the third investment summit is witnessing parallel sessions 'Infrastructure: Building Sustainable Transport Infrastructure', 'Agro and Forest Products: Opportunities Through Niche and Value Chains' and two plenary sessions 'Invest in Nepal: Experience Sharing', 'International Experience Sharing' and 'Financing for Infrastructure Development", and over 600 foreign investors including high-level delegates from 40 countries are sharing their experience.
Mahaseth, on the occasion, said
Speaking, on the occasion, panelists in the discussion said that Nepal needs to construct infrastructure in the transport sector and there are ample opportunities to invest in Nepal.

No comments: