Bagmati Province Chief Minister emphasizes private sector role in development
Summary
Bagmati Province Chief Minister Indra Bahadur Baniya emphasized the importance of the private sector for development and assured efforts to address construction industry challenges, including price hikes and project delays.
Key Points
- Bagmati Province Chief Minister Indra Bahadur Baniya emphasized that the country cannot develop by weakening the private sector.
- The Chief Minister assured that project deadline extensions will be considered due to price hikes in construction materials.
- A memorandum was received from the Federation of Contractors of Bagmati Province demanding price adjustments due to material scarcity and cost increases.
- The provincial government will coordinate with federal and local governments to resolve contractors' issues, citing an amendment in the Public Procurement Act.
