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More than 100 billion allocated for National Pride Projects

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More than 100 billion allocated for National Pride Projects
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June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. The government had allocated Rs 92 billion for such big projects for the current fiscal year  but has increased the budget for the new FY.

The budget will be invested for the construction of the 19 projects that have been included in national Pride Project list.

According to the Ministry of Finance, the government has allocated Rs 13.57 billion for the 1200 MW Budhigandaki Hydropower Project in the upcoming fiscal year which will be used for land acquisition. Likewise, Rs 1.49 billion has been allocated for Babai Irrigation Project.

Government had allocated Rs 1.49 billion for Sikta Irrigation Project in the current fiscal year which has been increased to Rs 1.52 billion. This project was almost ready but the main canal collapsed during testing phase last year.

Further, the government has set aside Rs 2.42 billion budget for Rani Jamara Kulariya Irrigation project. In the current fiscal year, government had separated Rs 6 billion for Bheri Babai Diversion Project which has now been decreased to Rs 4.20 billion for the coming fiscal year.

For Melamchi Water Supply Project, which came to a halt  in the final phase, the government has allocated Rs 7.38 billion for the upcoming fiscal year. Likewise, for the Upper Tamakoshi Project, the government has separated Rs 1.85 billion in the upcoming fiscal year. The project is expected  to be complete by December this year.

The government has allocated Rs 350 million and Rs 1 billion for Pashupati Area Development Trust and Lumbini Development Trust respectively. Likewise, Rs 3.33 billion has been separated for South Asia Tourism Infrastructure Development Project.

Similarly, Pokhara Regional Airport and Nijgad International Airport will be getting Rs 8 billion and Rs 1.50 billion respectively. The government has allocated Rs 12.19 billion for the completion of Puspalal Highway, and Rs 5 billion for the East-West Highway.

The Kathmandu-Tarai Fast Track will receive Rs 15 billion while the government has separated Rs 7.69 billion for train, monorail, and metro rail.

In the current fiscal year, only 34.5 percent of budget that was allocated for the National Pride Projects was spent showing disappointing progress in the projects.

 

 

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