Contracts of 25 construction companies that did not work according to the contract were terminated
Kathmandu. The government has terminated the contract with 25 construction companies that did not complete the construction as per the contract. Federal Road Supervision and Monitoring Office Kathmandu under the Road Division Kathmandu has informed that the contract has been broken with 25 construction companies that did not complete the construction on time.
The office said that the contract was broken because the work could not be completed within the stipulated period despite repeated requests. Minister of Energy, Water Resources and Irrigation, Physical Infrastructure and Transport and Urban Development, Kulman Ghising, instructed the subordinate agencies to break the sick contracts to end the trend of taking contracts but not working and stalling the projects.
Earlier, the Road Division Office, Kathmandu, had asked for an explanation from the 25 construction businessmen concerned on October 11th as to why they would not terminate the contract. As the answer to the explanation was not satisfactory, the contracts from the financial year 2067-68 to 2079-80 have been canceled today.
Express
Related News
11 km Nagadhunga-Malekhu section under Prithvi Highway is blacked out
Chitwan. Under Prithvi Highway, 11 km Nagdhunga Malekhu section has been blacked out. Last year eight kilometers were blacked, this year three more kilometers were blacked. According to Vijay Darai, Engineer of Nagadhunga Muglin Road Project, unde...
Are you exchanging foreign currency? View today's exchange rate (with list)
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one US dollar is 144 rupees 63 paisa and the selling rate is 145 rupees 23 paisa. The buying rate...
Completed 1 day training of National Life Insurance
Kathmandu. National Life Insurance Company has provided 1-day training to agents working in different branch offices of Bagmati and Madhesh provinces who have been selected based on the monthly plan brainstorming 2082 issued by the National Life I...
Solu Hydropower's IPO will be distributed next week
Kathmandu. The IPO of Solu Hydropower Limited will be distributed only next week. Nabil Investment Banking Limited and Himalayan Capital Limited as sales managers have informed that they are working to distribute the IPO only.
In the company...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 97 paisa and the selling rate is 144 rupees 57 paisa. Similarly, the...
What is the exchange rate of which foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 95 paisa and the selling rate is 144 rupees 55 paisa.
Similarly...



