Outer Ring Road Project in Kathmandu receives zero budget allocation « Khabarhub
Friday, June 21st, 2024

Outer Ring Road Project in Kathmandu receives zero budget allocation


01 June 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The Kathmandu Outer Ring Road project, considered an initiation of significant importance, has reportedly not been allocated any budget for the upcoming fiscal year 2024/25.

As per the Ministry of Finance, the government has categorized this project under ‘priority two’.

However, with the lack of clarity on construction and funding modalities, the project has remained stalled.

Neither has the government allocated a budget for initiating the project nor has it officially cancelled it.

Despite an estimated expenditure of 800,000 rupees for the current fiscal year 2024/25, the government has not designated any budget for the next fiscal year.

Since its conceptualization, the Outer Ring Road project has remained stagnant for the past two years.

According to the 61st Annual Report of the Office of the Auditor General, the idea of the Outer Ring Road was introduced in 2058 B.S.

However, progress on the project has been limited to feasibility studies over the past 22 years.

The Kathmandu Valley Development Authority has incurred a total expenditure of Rs. 148,405,7000 for the Outer Ring Road Development Project to date.

Planned as a solution for organized urban development in three districts within the Kathmandu Valley, covering a distance of 72 kilometers, the Outer Ring Road was envisioned to enhance urban living standards.

Publish Date : 01 June 2024 06:59 AM

China sees decline in marriage rate as economic insecurity among youth intensifies 

Even as China is struggling hard to end increasing demographic

Govt recommends ambassadors for eight countries, Lokdarshan Regmi for India

KATHMANDU: The government has recommended ambassadors for eight countries. The

Former PM Bhattarai calls for constitutional amendment to reform governance

KATHMANDU: Former Prime Minister Dr. Baburam Bhattarai has emphasized the

RSP’s presence in the parliament sans significance : RPP Chair Lingden

KATHMANDU: Rastriya Prajatantra Party (RPP) Chairman Rajendra Lingden, stated that

NC directs all its lawmakers to attend parliament session

KATHMANDU: The main opposition party Nepali Congress (NC) has instructed