ADB greenlights166 million package for urban infrastructure in nepal

18 Dec 2023 CW Team

The Asian Development Bank (ADB) has given the nod to a substantial $166 million package dedicated to advancing urban infrastructure projects in Nepal. This financial commitment signifies a major boost to Nepal's efforts in enhancing its urban landscape, addressing critical infrastructure needs, and promoting sustainable development.

The approved package by ADB underscores the international community's support for Nepal's urbanisation agenda. The substantial funds are earmarked for a range of infrastructure projects that aim to improve essential services, transportation networks, and overall urban resilience.

Nepal, with its diverse urban challenges, stands to benefit significantly from this financial injection. The ADB's strategic support aligns with Nepal's development objectives, offering a pathway to address the evolving needs of its urban population and create a foundation for long-term economic growth.

As Nepal continues to navigate the complexities of urban development, the ADB's financial package serves as a testament to the collaborative efforts in fostering sustainable and inclusive growth. The infusion of $166 million is expected to catalyse positive changes in Nepal's urban infrastructure, positively impacting the lives of its residents and contributing to the nation's overall progress.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..