Fast Track Nepal : Nepal to built by itself.
Nepal Government has dismissed all the accords with Indian consortium to build the Fast Track. Fast Track is the road track which will build Kathmandu to Terai region. The ministry of Physical insfrastucture and transport has decided to terminate all the agreements and contracts that was held between the Indian team. The Kathmandu-Terai Fast Track project will be now constructed by Nepal it self.
A joint meeting of parliament’s finance and development committees was held on Sunday. The minister of Physical Infrastructure and Transport Ramesh lekhak stated that all the progress related to processes and agreements with IL & FS, a Indian Governmental contractor.
Lekhak also presented the proposal to dismiss the contract in the cabinet and was successfully passed. Ramesh Lekhak stated that Nepal government should now start to make big projects of its own to stand in its own feet. There was a confusion that the tax system and tax agreement done with Indian company was worst and that was to damage economy of Nepal further more.
The government of Nepal in the period of Sushil Koirala handed the Fast Track project to Indian company which is 76 km long. The Indian company also made the DPR ( Detailed Project Report) and submitted to the government of Nepal. But the DPR got the various criticism which made Koirala to put the project on hold and terminate the decision.
The emmense pressure from parliamentary committees and Nepalese citizens made Koirala to hold the DPR and construction process.
The apex court later released a stay order and the government led by KP Oli completely terminated the deal with Indian company and decided to make the project on its own.
Shakti Bahadur Basnet said, “The decision has fostered confidence that the government will now build the project on its own,”.
The government has now allocated a sum of Rs 10 billion for the project and till now 1.2 million has only been spent. It is estimated that if the government of Nepal allocates only Rs 25 million per year for four years the project will be completed in time.