Government Preparing to Address Unnatural Price Hikes in Construction Materials
Summary
The government of Nepal is preparing to address unnatural price hikes in construction materials through amendments in the Procurement Act and Regulations. Efforts are underway to resolve issues faced by construction entrepreneurs and resume stalled projects.
Key Points
- The government is addressing unnatural price hikes in construction materials via the Procurement Act and Regulations.
- A report with various models to solve the problem has been submitted to the ministry for further action.
- The issue will be discussed at the Prime Minister's Office before moving to the Ministry of Law for legal processes.
- Construction entrepreneurs have halted some works but are urged to resume once price adjustment solutions are implemented.
