Construction Federation Warns of Nationwide Project Stoppage Due to Price Hikes and Material Shortages
Summary
The Federation of Contractors' Associations of Nepal warns that ongoing construction projects nationwide may halt due to soaring prices and shortages of essential materials, including fuel.
Key Points
- The Federation of Contractors' Associations of Nepal (FCAN) warns that national construction work is nearly impossible due to rising prices and material shortages.
- Petroleum products such as diesel, bitumen, and kerosene account for 40% of road construction costs, with diesel priced at 202 rupees per liter and scarce availability.
- Strict regulations on extracting riverbed materials and labeling crushers as illegal at critical times hinder sourcing essential construction materials.
- FCAN is lobbying for appropriate price adjustments and project deadline extensions, with government promises of support from the Minister of Physical Infrastructure and Urban Development.
