KATHMANDU: The government has selected a company to operate and manage the Nagdhunga Tunnel. The project has awarded the contract to the Chinese firm Yuxin-ART JV.
According to project engineer Suniyojit Nepal of the Department of Roads, the company was chosen because it offered a bid approximately 40 percent lower than the estimated cost.
The company has been called for contract signing within a week. The tunnel project had issued the tender on Kartik 16, attracting bids from 10 companies, with Yuxin-ART JV submitting the lowest proposal.
The selected firm will operate and manage the Nagdhunga Tunnel for five years under a contract valued at Rs 1.10 billion.
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