Print Edition - 2014-08-09 | MONEY
Shortage sends construction material prices up
Aug 8, 2014-
Santosh Khadka of Pipal Chowk, who has been building a house, is compelled to pay Rs 5,000 for a tractor full of sand, which he could purchase at half of the price three weeks ago. The price of gravel has also doubled to Rs 7,000 per tractor.
Moreover, despite agreeing to pay the hiked price, Khadka has not been able to procure the construction materials in time. As a result, the construction of his house has halted.
“Gravel and sand have become scarce. Even when they available, the prices are double,” said a contractor Ujir Miya. “Due to the unavailability of the construction materials and price rise, construction work on around 50 houses under my responsibility has halted.”
There seven crusher industries in Morang. Local administration has barred these industries to enter riversides until mid-Sept. Despite having huge stocks of sand and gravel, these industries are creating an artificial shortage of the products.
“Though all the crusher industries have enough stocks, the local administration has not created an environment to let us sell,” said Naredra Kumar Sony, president of the Crusher Industries Association. “We are not being able to supply the stocks to the market.”
“Tractor entrepreneurs have halted movement of tippers belonging to crusher industries,” said Sony.
According to CDO Ganesh Raj Karki they have sought details about the stocks with the crushers. He said the administration would bring them out in the presence of DDC representatives and security personnel to control artificial shortage.
Published: 09-08-2014 10:18