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House Panel says Rs 175 Billion Required to Complete KTM-Terai Fast Track

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House Panel says Rs 175 Billion Required to Complete KTM-Terai Fast Track
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February 4: Members of the Delegated Management Committee under the National Assembly recently visited the Kathmandu-Terai Fast Track to take stock of the latest development. The parliamentary committee then concluded that it will cost an additional Rs 175 billion to complete the Kathmandu-Terai / Fast Track on time.

The parliamentary committee is also preparing to hold discussions with the concerned ministries to manage the required funds. Committee chairman Ram Narayan Bidari said that preparations are underway to hold discussions with the concerned ministries for the management of the required amount for the completion of the fast track.

After the meeting of the committee concluded on Thursday, the chairman of the committee, Bidari stated that an additional Rs 175 billion would be required for the completion of the fast track, which would be managed after discussions with the concerned authorities.

The government has set a  target to complete the fast track by 2024. However, committee chairman Bidari said that after the on-site inspection, there are doubts on whether it would be completed on time. According to Bidari, the committee held discussions with the secretaries of the concerned ministries, especially the Ministry of Forests, Ministry of Physical Infrastructure and Construction, Ministry of Defense, Ministry of Finance, and the Secretariat of the Council of Ministers in this regard.

The committee has concluded that assigning the contract and giving momentum to the work will be hampered until resources are ensured. “The meeting decided to call the vice-chairman of the National Planning Commission, the defense secretary, and the finance secretary to discuss how to solve the problems seen in the construction of the fast track,” Bidari added.

According to him, the work is being delayed due to the lack of coordination among various ministries. The committee said it will give instructions in the coming days after discussing with the concerned ministries on the issue of increasing the coordination among the ministries.

The Nepalese Army has been awarded the contract to complete the fast track. It has divided the project in several parts and sub-contracted experienced companies to undertake certain tasks under the project.

 

 

 

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