Chinese-Nepali Joint Venture Selected to Operate Nepal's First Modern Tunnel Road
Summary
A joint venture between Chinese company Chongqing Yujin Road and Bridge Development and Nepali company ART Construction has been awarded the operation contract for Nepal's first modern Nagdhunga-Sisnekhola Tunnel Road for five years, with operations expected to begin within three months.
Key Points
- The Nagdhunga-Sisnekhola Tunnel Road operation contract was awarded to the Yujin-ART joint venture, a Chinese-Nepali partnership, for five years.
- The joint venture won the contract by bidding 1.104 billion rupees, 40% less than the government's estimate.
- Operations are expected to begin with trial runs by the end of the next Baisakh, with full operation within three months of contract signing.
- Toll fees have been set based on scientific studies and include prohibitions on pedestrians, two/three wheelers, and vehicles carrying flammable substances.
