Contracts of 25 construction companies that did not work according to the contract were terminated
-
Media Baaji
- Mon, 17 November 2025
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.
Related News
Are you exchanging foreign currency? Here are the exchange rates (with list)
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the value of the US dollar has decreased. For Friday, the buying rate of one American dollar has been fixed at 140 rupees...
The price of gold and silver in the Nepalese market continues to increase, how much is the transaction going on?
Kathmandu. On Thursday, the price of gold in the Nepalese market has increased. According to the Federation of Nepal Gold and Silver Traders, today gold has increased by 100 rupees per tola. Three lakh two thousand 800 rupees of tola has been fixe...
A new record in the price of gold is being made day by day, how much per tola on Thursday?
Kathmandu. The price of gold in the Nepalese market has reached a historic high today. Gold has increased by 2 thousand rupees to become the highest so far.
According to the Nepal Gold and Silver Traders Federation, gold h...
What is the foreign currency exchange rate on Friday?
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 140 rupees 25 paisa and the selliang rate is 14...
Richet Hydro to issue IPO to public, appoint RBB Merchant Banking as sales manager
Kathmandu. Upper Richet Hydropower Pvt Ltd has prepared to issue IPO for general public. The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement was signed by the executive chairman of the company, Anan...
Shikhar Power's IPO allotment, 24 lakh 66 thousand applicants empty handed
Kathmandu. Shikhar Power Development Limited opened the sale to the general public from February 17th to 26th, and the IPO was distributed today on March 3rd by Global IME Capital Limited, the sales manager. The company got permission from the Nep...