Construction Entrepreneurs Submit Memorandum to Department Over Price Hikes
Summary
The Federation of Construction Entrepreneurs Nepal has submitted a memorandum to the Department of Water Supply and Sewerage Management protesting price hikes in construction materials and fuel, threatening a halt in construction work.
Key Points
- The Federation of Construction Entrepreneurs Nepal submitted a memorandum protesting the increase in prices of diesel and bitumen.
- Diesel prices rose from Rs 139 to Rs 225 per liter since before the Russia-Ukraine war.
- The federation claims losses of around Rs 10 billion due to unexpected price hikes in fuel and materials.
- The federation demands scientific price adjustment systems, protection for entrepreneurs, and extension of project deadlines.
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