KATHMANDU: The government has announced a plan to operate the long-closed Gorkhakali Rubber Industry along with six other public enterprises under a public-private partnership (PPP) model.
Finance Minister Swarnim Wagle, while presenting the federal budget for fiscal year 2083/84 in a joint sitting of Parliament, said that the selected state-owned enterprises will be revived through PPP arrangements after conducting due diligence and investment structuring.
According to the budget statement, the government will carry out detailed due diligence assessment (DDA) of these institutions before bringing in private investment partners for their management and operation. The move is aimed at improving efficiency, reviving stalled public entities, and reducing fiscal burden on the state.
Meanwhile, the government has allocated Rs 286.48 billion for the Ministry of Physical Infrastructure and Urban Development for the upcoming fiscal year.
Presenting the budget, Finance Minister Wagle said the allocation will be used for road infrastructure development, maintenance, construction of new highways and bridges, as well as feasibility studies for railways and tunnel projects.
The government stated that the investment is part of its broader infrastructure expansion strategy aimed at improving national connectivity and accelerating long-term economic growth.
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