ADB greenlights166 million package for urban infrastructure in nepal
ECONOMY & POLICY

ADB greenlights166 million package for urban infrastructure in nepal

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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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.

Next Story
Infrastructure Energy

BrightNight Commissions 115 MW Hybrid Power Project in Maharashtra

BrightNight, a prominent global renewable energy producer, has launched the first phase of its 115 MW hybrid renewable energy project, Optima Maharashtra, in Dharashiv, located in southern Maharashtra. This marks one of the state’s pioneering co-located wind and solar projects and signifies BrightNight's inaugural energy supply to India's national power grid, furthering the nation's goal of decarbonising its energy sector. Spanning around 14,000 acres, the project integrates cutting-edge wind and solar technologies, powered by BrightNight’s proprietary AI-driven PowerAlpha® platform. The ..

Next Story
Infrastructure Energy

Maha and Rajasthan Lead Solar-Powered Agriculture Under KUSUM Programme

Maharashtra and Rajasthan are leading the way in the adoption of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, specifically under Component C. This component aims to scale renewable energy infrastructure, addressing both agricultural sustainability and energy security. The two states are expected to contribute over 10 GW of solar capacity under the PM-KUSUM programme by 2025. The PM-KUSUM programme consists of three key components: small-scale solar projects (Component A), the installation of standalone solar-powered pumps (Component B), and the solarisat..

Next Story
Infrastructure Energy

Odisha Floats EPC Tender for 4 MW Solar Projects with Battery Integration

The Odisha Renewable Energy Development Agency (OREDA) has released a tender for the engineering, procurement, and construction (EPC) of 4 MW rooftop solar projects with integrated battery systems. These projects will be implemented across various locations in Odisha under a rate contract basis. Bids must be submitted by January 27, 2025, with bid opening scheduled for February 1. Bidders are required to submit a bid security of Rs 300,000 ($3,600), a bid cost of Rs 10,500 ($126), and a processing fee of Rs 1,000 ($12). The selected bidders must be responsible for designing, engineering, suppl..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000