Thursday, April 3rd, 2025

World Bank approves $150 million financing package for Nepal


30 March 2025  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The World Bank’s Board of Executive Directors has approved a financing package of $150 million for Nepal’s Third Bridges Improvement and Maintenance Program (BIMP-III).

This funding aims to strengthen the resilience of bridges in the Strategic Road Network, ensuring safer and uninterrupted connectivity across the country’s diverse and challenging terrain.

Nepal’s bridge system is crucial for connecting remote and urban communities to essential services such as healthcare, education, and economic opportunities.

However, frequent climate-induced disasters, including floods, landslides, and earthquakes, significantly impact the country’s bridge infrastructure.

The program, led by Nepal’s Department of Roads, will focus on climate-resilient measures, such as improved structural designs and innovative technologies, including real-time monitoring systems to protect bridges from extreme weather events.

Additionally, the program will prioritize bridge designs that ensure accessibility for all users, particularly linking marginalized communities to essential services, according to a press release issued by the Bank today.

David Sislen, Division Country Director for Maldives, Nepal, and Sri Lanka, stated that the resilience of Nepal’s bridge network is vital for ensuring safe and sustained connectivity.

He added that the program emphasizes the development of resilient infrastructure, enhancing access to markets and services for vulnerable communities, and supporting Nepal’s sustainable growth.

The program will also include capacity-building initiatives for the Department of Roads, promote innovative solutions, and strengthen institutional systems for more effective infrastructure management.

Publish Date : 30 March 2025 13:34 PM

Seven Madhesh-based parties form separate alliance with rotational leadership

KATHMANDU:  Seven Madhesh-based political parties have formed a new alliance

Hearing concludes on writ petitions of Kulman Ghising and Hitendra Shakya, verdict awaited

KATHMANDU: The Supreme Court has completed hearings on the writ

Teachers continue protest demanding Education Act implementation

KATHMANDU: Teachers across Kathmandu have continued their protest for the

Guragain returns to duty at KMC, to release salaries from Friday onwards

KATHMANDU: Chief Administrative Officer Saroj Guragain has resumed his duties

NEPSE sees modest rise with 2.81-point increase

KATHMANDU: The Nepal Stock Exchange (NEPSE) saw a modest gain