Investment Board Nepal (IBN) has been studying the possibility of reviving the Hetauda-Kathmandu ropeway which has been lying abandoned for more than two decades to transport goods from Birgunj dry port to the under-construction Chobhar dry port.
Controversial Nepal Oil Corporation (NOC) Managing Director Gopal Bahadur Khadka has moved to buy additional land in Chitwan despite still facing embezzlement charges in earlier land deals that recently led to his being fired from his post.
In a major turn of events, the Supreme Court on Sunday reinstated Gopal Bahadur Khadka, who has been charged of embezzling over Rs800 million in land purchase deals, to the post of managing director of Nepal Oil Corporation (NOC).
The Ministry of Supplies (MoS) has submitted a final report on the controversial land purchase deals of the Nepal Oil Corporation (NOC) to the Prime Minister’s Office (PMO), recommending action against Gopal Bahadur Khadka, chief of the state-owned oil monopoly.
Demand for heavy construction equipment has gone up along with increased construction activities across the country. Infrastructure projects like hydropower, airport, road and irrigation, among others, are being implemented all over.