FCAN says over 30,000 projects affected by lack of resources guarantee
Summary
The Federation of Contractors’ Associations of Nepal (FCAN) states that over 30,000 projects are stalled due to lack of resource guarantees and impractical government policies, causing significant delays in major infrastructure projects.
Key Points
- Over 30,000 projects in Nepal are stalled due to lack of resource guarantees and impractical government approaches.
- Major national projects like Melamchi Drinking Water and Nagdhunga Tunnel Way face delays involving foreign construction companies.
- FCAN calls for amendments to procurement laws and simplification of payment processes to ease project execution.
- Construction sector is Nepal's second-largest employment source, with over 2.5 million jobs, highlighting the need for industry-friendly policies.
