Government scraps controversial Budhigandaki agreement with Chinese company

Kathmandu, November 13 The government on Monday decided to scrap the controversial agreement signed with┬áthe┬áChinese company, Gezhouba Group, for the construction of Budhigandaki Hydroelectric Project. A Cabinet meeting held this morning made the decision, informs Deputy Prime Minister and Minister for Energy Kamal Thapa. Thapa says the agreement, signed “irregularly and imprudently”, was scrapped owing […]

Investment Board wants to construct two railways in Kathmandu by 2021

Kathmandu, November 12 The Investment Board Nepal, after conducting a feasibility study on the construction of railways in Kathmandu, has suggested that two railways be constructed in the Valley within next four years. Its implementation, however, is under question as no preparations have been made for it. The Board has also estimated that constructing the […]