KATHMANDU: The increase in the price of the construction materials has hit the construction works hard.
Prices of construction materials, especially iron, steel, sand and pebbles, have gone up significantly following the recent momentum in construction works, the Rising Nepal reported on Sunday.
The price of iron and steel has increased by Rs. 20 per kilogram in the market within two months, said Rabi Singh, president of the Federation of Contractors’ Association of Nepal (FCAN).
The market price of per kilogram of iron bar stands at Rs. 80 at present which was Rs. 62 per kilogram about two months ago, the report added.
“The suppliers have increased the price of iron rods artificially when the construction works gained momentum in the country. The price was hiked after an increase in demand of iron in the market,” he said.
Similarly, the price of riverine construction materials – sand and pebble stone – also increased by up to 60 percent in two months, he said.
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