Nepal’s 17 pride projects may take 41 years to finish, warns World Bank
Summary
The World Bank warns Nepal's 17 national pride projects face delays that may extend completion by 41 years due to funding issues, project mismanagement, and bureaucratic hurdles. Major infrastructure projects like the Kathmandu-Tarai Expressway and Mid Hill Highway have suffered long delays with only partial progress made.
Key Points
- Nepal's 17 national pride projects may take an additional 41 years to complete at current funding and execution levels.
- Delays in land acquisition, tree-cutting clearance, and procurement processes are key bottlenecks slowing infrastructure projects.
- Major road projects like the Kathmandu-Tarai Expressway and Mid Hill Highway have faced significant delays beyond initial deadlines.
- The World Bank recommends prioritizing investment-ready projects, streamlining approvals, improving fund management, and reforming procurement to accelerate project delivery.
