Chinese JV Wins Contract to Operate Nagdhunga Tunnel for 5 Years at NPR 110 Crore

A Chinese joint venture, Chongqing Yusin Road and Bridge Development Company along with ART Construction, has been awarded the contract to operate the Nagdhunga-Sisnekhola tunnel route. The contract spans five years and is valued at NPR 110 crore based on the lowest tender offer. This decision follows a competitive bidding process aimed at efficient management of the critical transport infrastructure. For Nepalese investors and the general public, this marks a significant step in infrastructure development potentially affecting logistic costs and regional trade. While not directly impacting stock markets or bullion prices initially, this project boosts investor confidence in Nepal's growing infrastructure sector and might influence macroeconomic factors over time.

• Nagdhunga Tunnel operation contract awarded to Chinese consortium for NPR 110 crore over 5 years, highlighting infrastructure growth in Nepal.