Nepal has been granted 55 million dollars by the World Bank as loan to upgrade some of its roads and bridges.
The loan has been offered under the Nepal government's Road Sector Development Programme (RSDP) and will also be used for addressing post-earthquake reconstruction needs, reports the Kathmandu Post.
The additional financing is a World Bank top up and has been ongoing since 2008.
What started out as a project for ten beneficiary districts and two million people, has now been expanded to cover 25 more.
Takuya Kamata, World Bank Country Manager for Nepal said that the primary focus is to develop connectivity in the poorest of the poor and with remotest regions of the country. He said that the RSDP has been the cornerstone of the bank's support for Nepal's strategic roads network for nearly a decade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app