Stories Tagged 'Asian development bank'
The contractor for Gautam Buddha International Airport being built in Bhairahawa has stopped work complaining that it has not been paid. The stoppage has dealt another blow to the national pride project which has been facing endless delays since construction started in 2013.
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The researchers have concluded that among the various threats to freshwater biodiversity, artificial obstruction plays an important role as construction of hydropower dams has occurred at an unprecedented rate, disrupting dynamic processes and ecological integrity of natural systems.
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Three projects worth Rs870 million were pushed into uncertainty after the financer Asian Development Bank decided to pull funding for them. Started in 2010, the projects--solid waste processing centre, auto village infrastructure and ground water drinking project--are scheduled to be completed by December 2015 as per the agreement signed between the government and the bank.
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Nepal’s economy is expected to grow at the rate of 6.2 percent in the current fiscal year ending mid-July due to strong performance of the agriculture sector and stepped up government spending, according to the latest Asian Development Bank Nepal Macroeconomic Update.
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Asian Development Bank (ADB) has expressed its commitment to continue its support to Nepal in fulfilling the country’s aspirations for high economic growth.
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The performance of projects funded by the Asian Development Bank (ADB) has slowed, resulting in low disbursement of funds, according to its fourth quarter report.
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