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.

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 Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?