Sunday, April 26th, 2026

World Bank approves $150 million financing package for Nepal



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

Today’s News in a Nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of

Petroleum imports generate over Rs 60.38 billion in revenue in nine months

KATHMANDU: The government has collected Rs 60.38 billion in revenue

Woman dies after lightning strike in Parbat

PARBAT: A woman has died after being struck by lightning

128 arrested in two-day drug crackdown ‘sweep operation’ in Jhapa

JHAPA: Police have arrested 128 individuals in a two-day sweep

Heavy rainfall recorded in multiple districts, more rain likely

KATHMANDU: Several districts across Nepal witnessed heavy rainfall as weather