Government Slashes Budget for National Pride Projects
Summary
The government has made significant budget cuts to major national pride infrastructure projects for fiscal year 2083/084, sidelining railway and metro plans and reducing funds for key highways, while increasing investment in North-South corridors and the Melamchi Water Supply Project.
Key Points
- The government has cut the budget for the railway and metro development projects to zero for fiscal year 2083/084.
- The Kathmandu-Terai/Madhesh Expressway budget was reduced by nearly 28%, and the Pushpalal Highway budget was cut by over 45%.
- Budgets for North-South highways and the Melamchi Water Supply Project have significantly increased compared to the current fiscal year.
- Physical progress varies across projects, with some highways nearing 80% completion and others, like the Karnali Corridor, progressing slowly.
