Wataniya Airways to start daily service to Nepal from November 29

KATHMANDU:  Wataniya Airways of Kuwait has decided to operate direct flights to Nepal as it moves to cater to growing travel demand with Nepali migrant workers rushing to the oil-rich country in larger numbers. The carrier will be operating a daily service starting November 29. It received operating authorisation from the Civil Aviation Ministry on […]

Poor airport infra to put brakes on fleet expansion

KATHMANDU:  There is bad news for new companies planning to enter the domestic aviation market and old players mulling over increasing fleet size, as a study has found that existing infrastructure of the country’s domestic airports will not be able to accommodate more aircraft for at least two years. A study on ‘airport capacity declaration’ […]

Export growth to China rises, India falls

KATHMANDU:  Nepal’s export to China has seen a sizable growth in the first three months of Fiscal Year 2017/18, while export growth to India remains slow. According to the Current Macroeconomic and Financial Situation of Nepal (first three months) unveiled by the Nepal Rastra Bank (NRB) in Kathmandu on Sunday, Nepal’s exports to China in […]

Main tunnel of Upper Tamakoshi Hydro Project constructed

KATHMANDU:  The construction works of main tunnel of the Upper Tamakoshi Hydroelectricity Project has been completed this morning. High level officials including Energy Secretary Anup Kumar Upadhyaya and Nepal Electricity Authority Executive Director Kulman Ghising witnessed the completion of the construction works. The project has made a 92 per cent progress with the construction of […]

NEA, CTGI seal deal on 750mw West Seti Hydropower Project

KATHMANDU:  Nepal’s energy sector, which is still feeling the pangs of this week’s cancellation of biggest hydropower development agreement, has received a much-needed shot in the arm with the signing of a major deal with a leading Chinese firm that would almost double the country’s electricity generating capacity. Nepal Electricity Authority (NEA), the state-owned power […]

Land acquisition for Outer Ring Road likely to kick off this month

KATHMANDU:  The land acquiring process of the much-hyped Outer Ring Road Project is set to accelerate within this month after the Ministry of Urban Development (MoUD) forwards the proposal for the same to the Ministers of Council. The Kathmandu Valley Development Authority (KVDA) had forwarded the land acquiring proposal to the MoUD on July 17. […]

Construction of Pokhara Regional Int’l Airport begins

POKHARA:  With the upcoming polls gripping the whole nation, Chinese contractors have quietly started the construction of the Pokhara Regional International Airport, as heavy equipment including dozer, excavators, loader and tipper have been used from Sunday. Chief Engineer of the project Pradeep Adhikari inaugurated the construction works after the Chinese contractors performed their rituals. Gerry […]

Investment Board wants to construct two railways in Kathmandu by 2021

KATHMANDU:  The Investment Board Nepal, after conducting a feasibility study on the construction of railways in Kathmandu, has suggested that two railways be constructed in the Valley within next four years. Its implementation, however, is under question as no preparations have been made for it. The Board has also estimated that constructing the two routes […]

Nepal needs Rs73b for flood recovery

KATHMANDU:  Nepal will need to fork out at least Rs73.2 billion to rebuild infrastructure and restore livelihood affected by the floods of mid-August, says a latest report prepared by the National Planning Commission (NPC), the apex body that frames the country’s development plans and policies. The country was hit by severe floods from August 11 […]