125 contracts stopped due to fuel price hike

Chitwan. 125 contract works run by Infrastructure Development Office Chitwan have come to a halt. Due to the rising cost of essential items including fuel, it has become impossible to work on these contracts. According to the head of the office, Birendra Kumar Chaudhary, there are 267 projects in this office, and 217 of them are currently under contract. Out of them, 125 projects have come to a standstill, he said. According to him, the infrastructure development work has stopped due to the increase in fuel prices and the problem of shortage of vitamin 0 compared to the time when the contract was signed.

Chief Chaudhary said, "Construction professionals have submitted a letter to the office demanding a process to stop the 'construction holiday' projects of a nature that can be stopped immediately." He said that after the increase in the price of fuel, infrastructure construction is being affected due to the increase in prices in all sectors.

Although 50 projects are to be done by the consumer committee from this office, the work of those projects has not been completed. He said that the office is currently constructing 19 bridges and roads are being constructed under other projects.

Express

Related News

What is the foreign currency exchange rate for Wednesday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 56 paisa and the selling rate is 142...

Economic growth is well below target, inflation is improving

Kathmandu. The government has released a new forecast that the economic growth rate of the country will be limited to 3.5 percent, which is much lower than the target. While reviewing the current financial year's budget half-yearly, the government...

The 'Property Investigation Commission' started work, the assets of high-ranking officials are under government surveillance

Kathmandu. The 'Property Investigation Commission', formed by the government with the main objective of ending corruption and impunity, has formally started its work. The five-member commission formed under the chairmanship of former Supreme Court...