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.
Express
Related News
Cash transaction limit of 5 lakhs maintained, 10 lakhs system abolished
Kathmandu. Nepal Rastra Bank has implemented a system where cash cannot be withdrawn by exchanging checks worth more than 5 lakh rupees. The Central Bank has made it compulsory to have an account payable when issuing checks above 5 lakhs. The limi...
High growth in the stock market before the election, turnover above 6 billion
Kathmandu. Ahead of the election, the stock market is green. On Tuesday, the stock market index increased by 38.52 points to 2712.49 points. This is 1.44 percent more than the previous transaction. Today in the stock market, the share price of 254...
Snow Rivers has received approval from the Securities and Exchange Board for the IPO issue
Kathmandu. Snow Rivers Limited has received permission from Nepal Securities Board for IPO issue. The board has given permission to the company for the IPO issue on Sunday, January 18th. With the permission of the board, Snow Rivers will now...
The exchange rate of foreign currency exceeds 153 rupees in the US dollar, how much more?
Kathmandu. Nepal Rastra Bank has published the official exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one US dollar is 153 rupees 16 paisa and the selling rate is 153 rupees 76 paisa.
Si...
NEPSE decreased by eight digits, turnover of more than 2.83 billion
Kathmandu. The NEPSE index, which measures stock turnover in the stock market, is still down today. According to the Nepal Stock Exchange, the NEPSE index fell by 8.50 points and was limited to 2,651.52.
The sensitive index, which measures t...
NEPSE closed down with a normal score, turnover of 4.68 billion
Kathmandu. On the fifth or last trading day of the week, the NEPSE index decreased by 0.93 points and remained at 2560.15. During the day, 1449,496 shares of 328 companies were bought and sold, resulting in a turnover...