Infrastructure Minister Sunil Lamsal Addresses Economic Slowdown and Social Despair
Summary
Minister Sunil Lamsal pledged government commitment to combat economic slowdown and social despair through policy reforms and infrastructure investment totaling Rs 1270 billion plus additional funds.
Key Points
- Minister Sunil Lamsal affirmed government commitment to address economic slowdown and social despair via policy reforms.
- Government amended Public Procurement Act to implement 'average bidding' addressing unhealthy competition in construction.
- A target of injecting Rs 1270 billion from physical infrastructure sector over three years is set to improve liquidity and employment.
- New traffic fine system proposes Rs 500 to Rs 50,000 range with option for community service to reduce road accidents and misinformation.
