China-Nepal joint venture to manage Nagdhunga tunnel
Summary
The Nagdhunga–Sisnekhola tunnel in Nepal is nearing completion and will be operated by the China-Nepal joint venture Yusin–ART JV. Its operation is expected within three months, significantly reducing travel time and easing traffic congestion.
Key Points
- The government signed a contract with Yusin–ART JV, a China-Nepal joint venture, to manage the Nagdhunga tunnel for five years.
- The tunnel is 98% complete and expected to be operational within three months after training around 150 personnel.
- The project cost is Rs22 billion, funded by a concessional loan from Japan and the Government of Nepal.
- The tunnel will reduce travel time from Sisnekhola to Balambhu from over 30 minutes to about seven minutes and ease traffic congestion.
