Construction Halted in Bagmati Province Due to Soaring Fuel and Material Costs

Key Points

• Construction work in Bagmati Province has stopped due to significant price hikes in fuel and construction materials caused by the situation in West Asia.
• The Federation of Contractors of Bagmati Province demands immediate extension of deadlines for all projects to address these challenges.
• Price increases in essential materials like diesel, petrol, kerosene, bitumen, cement, and iron rods have severely affected infrastructure projects.
• The federation warns that without government intervention including price adjustment guidelines and relief packages, the construction industry may collapse and projects will be delayed.