Construction

Ranke-Rabi-Bhedetar Road Sees Dismal Progress In 50 Months

Mar 27, 2023 0 52 seconds to read

The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50…

Small Contractors Face Existential Crisis In Chitwan

Mar 14, 2023 0 2 minutes 31 seconds to read

Exorbitant bank interest rates and closure of the rivers and streams for raw materials for the past two years have hit small contractors hard in…

MCC Compact Published in Nepal Gazette

May 01, 2022 0 2 minutes 26 seconds to read

May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government's official…

FCAN Announces 'Construction Holiday'

Apr 25, 2022 0 2 minutes 15 seconds to read

April 25: The Federation of Contractors' Associations of Nepal (FCAN) has announced a 'construction holiday' arguing that there is lack of environment conducive for construction due to price hike of construction…

FCAN Announces Protest Programme

Apr 18, 2022 0 2 minutes 10 seconds to read

April 18: After their demands were not met, the Federation of Contractors’ Association Nepal (FCAN) announced protest programme to get their voices heard.…

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			'title' => 'Ranke-Rabi-Bhedetar Road Sees Dismal Progress In 50 Months',
			'sub_title' => '',
			'summary' => 'The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 27: The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months.&nbsp;</span></p>

<p><span style="font-size:18px">The road project had to be completed some 14 months back. Still, the tasks related to track expansion, wall construction and other foundational works are continuing.&nbsp;</span></p>

<p><span style="font-size:18px">According to Chief Bidur Pokharel of Federal Road Division Office Ilam, only 18 percent progress was made on the road construction in four years. &ldquo;Contractor Company expedited construction work in the last three months,&rdquo; Pokharel said. </span></p>

<p><span style="font-size:18px">Track expansion and wall construction are underway in the 28-km of Ranke-Rabi road section. Likewise, blacktopping is underway in the Budhabare Bazaar-Bhedetar section, Division Chief Pokharel added.</span></p>

<p><span style="font-size:18px">&nbsp;&ldquo;The Contractor Company has expressed the commitment to complete blacktopping of 50-km out of 101-km road within 2023,&rdquo; Pokhrael informed.&nbsp;</span><br />
&nbsp;</p>
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			'title' => 'Small Contractors Face Existential Crisis In Chitwan ',
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			'summary' => 'Exorbitant bank interest rates and closure of the rivers and streams for raw materials for the past two years have hit small contractors hard in Chitwan.',
			'content' => '<p><span style="font-size:18px">March 14: Exorbitant bank interest rates and closure of the rivers and streams for&nbsp;raw materials for the past two years have hit small contractors&nbsp;hard in Chitwan. Shortages of raw materials and high bank interest rates have pushed&nbsp;small construction entrepreneurs at&nbsp;the point of shutting down their business.&nbsp;</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chapter General Secretary Puskar Adhikari said out of 400 small contractors 390 are small&nbsp; in the district. The total number of contractors including those not affiliated to the FCAN is around 1000 in Chitwan.</span></p>

<p><span style="font-size:18px">If the same condition continues, more than 75 per cent contractors will wash their hands from construction sector, said Adhikari. Contractors say that soaring bank interest rates and increased fuel prices have kept the construction business in a crisis, forcing them to switch their business.&nbsp;</span></p>

<p><span style="font-size:18px">Adhikari complained that&nbsp; around 100 contractors had been unable to give continuity to their business. He urged the the government to solve small contractors&#39; problems at the earliest.&nbsp;</span></p>

<p><span style="font-size:18px">It is learnt that contractors have to pay Rs 5,000 more for per tipper of river-borne raw materials compared to the past as the government is yet to open the contract for river-borne materials in the district.&nbsp;</span></p>

<p><span style="font-size:18px">Troubles of the contractors do not end here. Traffic police have halted the plying of vehicles loaded with contruction materials &nbsp;from 8:00 am to 11:00 am and 4:00 pm to 8:00 pm&nbsp;to ease the traffic. This has kept construction entrepreneurs from finishing the their work on time, according to contractors.</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chairman Keshav Lamichhane said that not opening the rivers and streams for raw materials had added&nbsp;the troubles for the contractors.</span></p>

<p><span style="font-size:18px">&ldquo;Government policy has adversely affected both small and big contractors,&rdquo; Lamichhane said. He argued&nbsp;that concerned agencies&rsquo; failure to issue&nbsp;payment for even the timely completed work had aggravated the plight of contractors.</span></p>

<p><span style="font-size:18px">Bharatpur Metropolitan City Deputy mayor Chitrasen Adhikari says that construction work has to be completed within the deadline in line with the&nbsp;contract. He&nbsp;admitted high bank interest rates and paucity of the raw materials had troubled contractors.&nbsp;&nbsp;He, however,&nbsp;argued that some contractors would always look for excuses not to finish the work within the slated timeframe.</span></p>

<p><span style="font-size:18px">&ldquo;Bharatpur Metropolis has taken an action against 17 construction companies for failing to complete work within deadline by&nbsp;making&nbsp;excuses not to finish the work,&rdquo; Adhikari said. He suggested both the government and contractors to fulfill their duties responsibly.&nbsp;</span></p>

<p>&nbsp;</p>
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			'title' => 'MCC Compact Published in Nepal Gazette   ',
			'sub_title' => '',
			'summary' => 'May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government's official bulletin.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government&#39;s official bulletin.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this, the project considered a milestone in the development of energy and infrastructure sector of Nepal has formally come into the implementation process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The $500 million project funded by the US government was ratified by the Federal Parliament on February 27, 2022 along with a 12-point interpretative declaration after a long political dispute and differences. The government and the MCC had signed the agreement on September 14, 2017.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact aims to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India&mdash;helping to spur investments, accelerate economic growth, and reduce poverty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A total 312-kilometre transmission line of 400 kV capacity and nearly 100 kilometres of road would be constructed with the grant assistance under the MCC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact has been ratified in line with Article 279 of the Constitution of Nepal and its authenticated copies in the Nepali and English language have been published in the Nepal Gazette as per Clause 12 of Nepal Treaty Act, 2074 BS.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the agreement, MCC will provide US$ 459.5 million for the project. Apart from the financial management, US government will provide additional US$ 40.5 million to Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Under this project, the 400 kV double circuit transmission line at Nanglebhare of Kathmandu district will link the New Butwal substation in Butwal through Ratmate of Nuwakot and Damauli of Tanahun. Similarly, under the project, another transmission line goes through Galchhi in Dhading district to Hetauda in Makawanpur district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">All the preparedness for the project with a five-year completion deadline has moved forward, according to the MCA Nepal. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the process of using the forest lands and the distribution of compensation for acquiring them as per the environment impact assessment report is underway. Land acquisition at Ratmate in Nuwakot has been completed. -- RSS </span></span></span></p>
',
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			'id' => '15160',
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			'title' => 'FCAN Announces 'Construction Holiday'',
			'sub_title' => '',
			'summary' => 'April 25: The Federation of Contractors' Associations of Nepal (FCAN) has announced a 'construction holiday' arguing that there is lack of environment conducive for construction due to price hike of construction materials.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">April 25: The Federation of Contractors&#39; Associations of Nepal (FCAN) has announced a &#39;construction holiday&#39; arguing that there is lack of environment conducive for construction due to price hike of construction materials.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Excessive price hike of construction materials, some errors in the 11th amendment to the Public Procurement Regulation and provisions in the Insurance Directives, 2078 BS among others have made the matter worse, said the federation.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As a result, approximately 3,500 projects have been halted in protest.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">FCAN President Rabi Singh confirmed that they have announced a construction holiday as the construction business is at risk of collapsing.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to Singh, over 17,000 contractors have been on the brink of quitting their business. Construction of around 1500 projects has continued however, he said.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Singh added that they will launch sit-ins at the district administration office of all 77 districts and the office of the Chief Minister of all seven provinces from April 26.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The FCAN in a statement urged the government to resolve the problems faced by the construction industry as they will have negative impacts on country&#39;s economy as a whole.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement said they had to resort to protest after their repeated calls to the government to address their problem went unheard.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As part of their protest, they launched sit-in in front of the office of the Public Procurement and Monitoring Office and the Insurance Board last Thursday and Friday.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">They have demanded price adjustment of construction materials, amendment of inconsistent points in the 11th amendment to the Public Procurement Regulation, 2078 and to scrap the Insurance Directive, 2078.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Independent Power Producers&#39; Association, Nepal has also expressed its solidarity with the demand of scraping the Insurance Directive, 2078. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'id' => '15124',
			'article_category_id' => '278',
			'title' => 'FCAN Announces Protest Programme',
			'sub_title' => '',
			'summary' => 'April 18: After their demands were not met, the Federation of Contractors’ Association Nepal (FCAN) announced protest programme to get their voices heard. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">April 18: After their demands were not met, the Federation of Contractors&rsquo; Association Nepal (FCAN) announced protest programme to get their voices heard. On Sunday, the federation revealed that it will be holding sit-ins at government offices starting from April 21. The protests will be held at the Public Procurement Monitoring Office and the Insurance Board.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A team led by the president of the federation, Ravi Singh handed over a memorandum to the Public Procurement Monitoring Office and the Insurance Board on Sunday in this regard.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The federation handed over the memorandum to Madhusudan Burlakoti, secretary of the Public Procurement Monitoring Office, urging them to address their demands. Stating that no attention was paid to the demands of FCAN so far, President Singh said that they would hold a sit-in if a resolution is not reached within April 21.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The FCAN has been demanding that the government address the issue of price hike of construction materials, the deadline of contracts should be extended, and some provisions in the Public Procurement (Eleventh Amendment) Rules-2078 BS, Insurance Directive-2078 BS should be amended / annulled. The federation said that despite making those requests repeatedly, the issues were not addressed at all.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Roshan Dahal, general secretary of the federation said that even though the federation gave enough time to resolve the problems of the construction industry, it was not addressed. Similarly, in a memorandum submitted to the Insurance Board by the federation, it has demanded scrapping of the Insurance Directive-2078 issued by the board. The federation has been saying that the alternative of scrapping the directive could be addressed through amendment.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the federation, the decision to increase the premium rate by the insurance companies four to five times is unreasonable. Similarly, the federation said that the provision of not settling 70 to 80 percent of the claims by the insurance companies in the past to the insurers is also not acceptable.</span></span></p>

<p>&nbsp;</p>
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			'title' => 'Ranke-Rabi-Bhedetar Road Sees Dismal Progress In 50 Months',
			'sub_title' => '',
			'summary' => 'The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 27: The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months.&nbsp;</span></p>

<p><span style="font-size:18px">The road project had to be completed some 14 months back. Still, the tasks related to track expansion, wall construction and other foundational works are continuing.&nbsp;</span></p>

<p><span style="font-size:18px">According to Chief Bidur Pokharel of Federal Road Division Office Ilam, only 18 percent progress was made on the road construction in four years. &ldquo;Contractor Company expedited construction work in the last three months,&rdquo; Pokharel said. </span></p>

<p><span style="font-size:18px">Track expansion and wall construction are underway in the 28-km of Ranke-Rabi road section. Likewise, blacktopping is underway in the Budhabare Bazaar-Bhedetar section, Division Chief Pokharel added.</span></p>

<p><span style="font-size:18px">&nbsp;&ldquo;The Contractor Company has expressed the commitment to complete blacktopping of 50-km out of 101-km road within 2023,&rdquo; Pokhrael informed.&nbsp;</span><br />
&nbsp;</p>
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			'title' => 'Small Contractors Face Existential Crisis In Chitwan ',
			'sub_title' => '',
			'summary' => 'Exorbitant bank interest rates and closure of the rivers and streams for raw materials for the past two years have hit small contractors hard in Chitwan.',
			'content' => '<p><span style="font-size:18px">March 14: Exorbitant bank interest rates and closure of the rivers and streams for&nbsp;raw materials for the past two years have hit small contractors&nbsp;hard in Chitwan. Shortages of raw materials and high bank interest rates have pushed&nbsp;small construction entrepreneurs at&nbsp;the point of shutting down their business.&nbsp;</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chapter General Secretary Puskar Adhikari said out of 400 small contractors 390 are small&nbsp; in the district. The total number of contractors including those not affiliated to the FCAN is around 1000 in Chitwan.</span></p>

<p><span style="font-size:18px">If the same condition continues, more than 75 per cent contractors will wash their hands from construction sector, said Adhikari. Contractors say that soaring bank interest rates and increased fuel prices have kept the construction business in a crisis, forcing them to switch their business.&nbsp;</span></p>

<p><span style="font-size:18px">Adhikari complained that&nbsp; around 100 contractors had been unable to give continuity to their business. He urged the the government to solve small contractors&#39; problems at the earliest.&nbsp;</span></p>

<p><span style="font-size:18px">It is learnt that contractors have to pay Rs 5,000 more for per tipper of river-borne raw materials compared to the past as the government is yet to open the contract for river-borne materials in the district.&nbsp;</span></p>

<p><span style="font-size:18px">Troubles of the contractors do not end here. Traffic police have halted the plying of vehicles loaded with contruction materials &nbsp;from 8:00 am to 11:00 am and 4:00 pm to 8:00 pm&nbsp;to ease the traffic. This has kept construction entrepreneurs from finishing the their work on time, according to contractors.</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chairman Keshav Lamichhane said that not opening the rivers and streams for raw materials had added&nbsp;the troubles for the contractors.</span></p>

<p><span style="font-size:18px">&ldquo;Government policy has adversely affected both small and big contractors,&rdquo; Lamichhane said. He argued&nbsp;that concerned agencies&rsquo; failure to issue&nbsp;payment for even the timely completed work had aggravated the plight of contractors.</span></p>

<p><span style="font-size:18px">Bharatpur Metropolitan City Deputy mayor Chitrasen Adhikari says that construction work has to be completed within the deadline in line with the&nbsp;contract. He&nbsp;admitted high bank interest rates and paucity of the raw materials had troubled contractors.&nbsp;&nbsp;He, however,&nbsp;argued that some contractors would always look for excuses not to finish the work within the slated timeframe.</span></p>

<p><span style="font-size:18px">&ldquo;Bharatpur Metropolis has taken an action against 17 construction companies for failing to complete work within deadline by&nbsp;making&nbsp;excuses not to finish the work,&rdquo; Adhikari said. He suggested both the government and contractors to fulfill their duties responsibly.&nbsp;</span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '15198',
			'article_category_id' => '278',
			'title' => 'MCC Compact Published in Nepal Gazette   ',
			'sub_title' => '',
			'summary' => 'May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government's official bulletin.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government&#39;s official bulletin.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this, the project considered a milestone in the development of energy and infrastructure sector of Nepal has formally come into the implementation process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The $500 million project funded by the US government was ratified by the Federal Parliament on February 27, 2022 along with a 12-point interpretative declaration after a long political dispute and differences. The government and the MCC had signed the agreement on September 14, 2017.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact aims to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India&mdash;helping to spur investments, accelerate economic growth, and reduce poverty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A total 312-kilometre transmission line of 400 kV capacity and nearly 100 kilometres of road would be constructed with the grant assistance under the MCC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact has been ratified in line with Article 279 of the Constitution of Nepal and its authenticated copies in the Nepali and English language have been published in the Nepal Gazette as per Clause 12 of Nepal Treaty Act, 2074 BS.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the agreement, MCC will provide US$ 459.5 million for the project. Apart from the financial management, US government will provide additional US$ 40.5 million to Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Under this project, the 400 kV double circuit transmission line at Nanglebhare of Kathmandu district will link the New Butwal substation in Butwal through Ratmate of Nuwakot and Damauli of Tanahun. Similarly, under the project, another transmission line goes through Galchhi in Dhading district to Hetauda in Makawanpur district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">All the preparedness for the project with a five-year completion deadline has moved forward, according to the MCA Nepal. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the process of using the forest lands and the distribution of compensation for acquiring them as per the environment impact assessment report is underway. Land acquisition at Ratmate in Nuwakot has been completed. -- RSS </span></span></span></p>
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			'id' => '15160',
			'article_category_id' => '278',
			'title' => 'FCAN Announces 'Construction Holiday'',
			'sub_title' => '',
			'summary' => 'April 25: The Federation of Contractors' Associations of Nepal (FCAN) has announced a 'construction holiday' arguing that there is lack of environment conducive for construction due to price hike of construction materials.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">April 25: The Federation of Contractors&#39; Associations of Nepal (FCAN) has announced a &#39;construction holiday&#39; arguing that there is lack of environment conducive for construction due to price hike of construction materials.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Excessive price hike of construction materials, some errors in the 11th amendment to the Public Procurement Regulation and provisions in the Insurance Directives, 2078 BS among others have made the matter worse, said the federation.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As a result, approximately 3,500 projects have been halted in protest.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">FCAN President Rabi Singh confirmed that they have announced a construction holiday as the construction business is at risk of collapsing.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to Singh, over 17,000 contractors have been on the brink of quitting their business. Construction of around 1500 projects has continued however, he said.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Singh added that they will launch sit-ins at the district administration office of all 77 districts and the office of the Chief Minister of all seven provinces from April 26.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The FCAN in a statement urged the government to resolve the problems faced by the construction industry as they will have negative impacts on country&#39;s economy as a whole.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement said they had to resort to protest after their repeated calls to the government to address their problem went unheard.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As part of their protest, they launched sit-in in front of the office of the Public Procurement and Monitoring Office and the Insurance Board last Thursday and Friday.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">They have demanded price adjustment of construction materials, amendment of inconsistent points in the 11th amendment to the Public Procurement Regulation, 2078 and to scrap the Insurance Directive, 2078.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Independent Power Producers&#39; Association, Nepal has also expressed its solidarity with the demand of scraping the Insurance Directive, 2078. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'created' => '2022-04-25',
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			'sortorder' => '14902',
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		'Article' => array(
			'id' => '15124',
			'article_category_id' => '278',
			'title' => 'FCAN Announces Protest Programme',
			'sub_title' => '',
			'summary' => 'April 18: After their demands were not met, the Federation of Contractors’ Association Nepal (FCAN) announced protest programme to get their voices heard. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">April 18: After their demands were not met, the Federation of Contractors&rsquo; Association Nepal (FCAN) announced protest programme to get their voices heard. On Sunday, the federation revealed that it will be holding sit-ins at government offices starting from April 21. The protests will be held at the Public Procurement Monitoring Office and the Insurance Board.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A team led by the president of the federation, Ravi Singh handed over a memorandum to the Public Procurement Monitoring Office and the Insurance Board on Sunday in this regard.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The federation handed over the memorandum to Madhusudan Burlakoti, secretary of the Public Procurement Monitoring Office, urging them to address their demands. Stating that no attention was paid to the demands of FCAN so far, President Singh said that they would hold a sit-in if a resolution is not reached within April 21.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The FCAN has been demanding that the government address the issue of price hike of construction materials, the deadline of contracts should be extended, and some provisions in the Public Procurement (Eleventh Amendment) Rules-2078 BS, Insurance Directive-2078 BS should be amended / annulled. The federation said that despite making those requests repeatedly, the issues were not addressed at all.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Roshan Dahal, general secretary of the federation said that even though the federation gave enough time to resolve the problems of the construction industry, it was not addressed. Similarly, in a memorandum submitted to the Insurance Board by the federation, it has demanded scrapping of the Insurance Directive-2078 issued by the board. The federation has been saying that the alternative of scrapping the directive could be addressed through amendment.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the federation, the decision to increase the premium rate by the insurance companies four to five times is unreasonable. Similarly, the federation said that the provision of not settling 70 to 80 percent of the claims by the insurance companies in the past to the insurers is also not acceptable.</span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '17381',
			'article_category_id' => '278',
			'title' => 'Ranke-Rabi-Bhedetar Road Sees Dismal Progress In 50 Months',
			'sub_title' => '',
			'summary' => 'The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 27: The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months.&nbsp;</span></p>

<p><span style="font-size:18px">The road project had to be completed some 14 months back. Still, the tasks related to track expansion, wall construction and other foundational works are continuing.&nbsp;</span></p>

<p><span style="font-size:18px">According to Chief Bidur Pokharel of Federal Road Division Office Ilam, only 18 percent progress was made on the road construction in four years. &ldquo;Contractor Company expedited construction work in the last three months,&rdquo; Pokharel said. </span></p>

<p><span style="font-size:18px">Track expansion and wall construction are underway in the 28-km of Ranke-Rabi road section. Likewise, blacktopping is underway in the Budhabare Bazaar-Bhedetar section, Division Chief Pokharel added.</span></p>

<p><span style="font-size:18px">&nbsp;&ldquo;The Contractor Company has expressed the commitment to complete blacktopping of 50-km out of 101-km road within 2023,&rdquo; Pokhrael informed.&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-03-27',
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			'sortorder' => '17115',
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		'Article' => array(
			'id' => '17259',
			'article_category_id' => '278',
			'title' => 'Small Contractors Face Existential Crisis In Chitwan ',
			'sub_title' => '',
			'summary' => 'Exorbitant bank interest rates and closure of the rivers and streams for raw materials for the past two years have hit small contractors hard in Chitwan.',
			'content' => '<p><span style="font-size:18px">March 14: Exorbitant bank interest rates and closure of the rivers and streams for&nbsp;raw materials for the past two years have hit small contractors&nbsp;hard in Chitwan. Shortages of raw materials and high bank interest rates have pushed&nbsp;small construction entrepreneurs at&nbsp;the point of shutting down their business.&nbsp;</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chapter General Secretary Puskar Adhikari said out of 400 small contractors 390 are small&nbsp; in the district. The total number of contractors including those not affiliated to the FCAN is around 1000 in Chitwan.</span></p>

<p><span style="font-size:18px">If the same condition continues, more than 75 per cent contractors will wash their hands from construction sector, said Adhikari. Contractors say that soaring bank interest rates and increased fuel prices have kept the construction business in a crisis, forcing them to switch their business.&nbsp;</span></p>

<p><span style="font-size:18px">Adhikari complained that&nbsp; around 100 contractors had been unable to give continuity to their business. He urged the the government to solve small contractors&#39; problems at the earliest.&nbsp;</span></p>

<p><span style="font-size:18px">It is learnt that contractors have to pay Rs 5,000 more for per tipper of river-borne raw materials compared to the past as the government is yet to open the contract for river-borne materials in the district.&nbsp;</span></p>

<p><span style="font-size:18px">Troubles of the contractors do not end here. Traffic police have halted the plying of vehicles loaded with contruction materials &nbsp;from 8:00 am to 11:00 am and 4:00 pm to 8:00 pm&nbsp;to ease the traffic. This has kept construction entrepreneurs from finishing the their work on time, according to contractors.</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chairman Keshav Lamichhane said that not opening the rivers and streams for raw materials had added&nbsp;the troubles for the contractors.</span></p>

<p><span style="font-size:18px">&ldquo;Government policy has adversely affected both small and big contractors,&rdquo; Lamichhane said. He argued&nbsp;that concerned agencies&rsquo; failure to issue&nbsp;payment for even the timely completed work had aggravated the plight of contractors.</span></p>

<p><span style="font-size:18px">Bharatpur Metropolitan City Deputy mayor Chitrasen Adhikari says that construction work has to be completed within the deadline in line with the&nbsp;contract. He&nbsp;admitted high bank interest rates and paucity of the raw materials had troubled contractors.&nbsp;&nbsp;He, however,&nbsp;argued that some contractors would always look for excuses not to finish the work within the slated timeframe.</span></p>

<p><span style="font-size:18px">&ldquo;Bharatpur Metropolis has taken an action against 17 construction companies for failing to complete work within deadline by&nbsp;making&nbsp;excuses not to finish the work,&rdquo; Adhikari said. He suggested both the government and contractors to fulfill their duties responsibly.&nbsp;</span></p>

<p>&nbsp;</p>
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			'article_category_id' => '278',
			'title' => 'MCC Compact Published in Nepal Gazette   ',
			'sub_title' => '',
			'summary' => 'May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government's official bulletin.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government&#39;s official bulletin.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this, the project considered a milestone in the development of energy and infrastructure sector of Nepal has formally come into the implementation process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The $500 million project funded by the US government was ratified by the Federal Parliament on February 27, 2022 along with a 12-point interpretative declaration after a long political dispute and differences. The government and the MCC had signed the agreement on September 14, 2017.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact aims to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India&mdash;helping to spur investments, accelerate economic growth, and reduce poverty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A total 312-kilometre transmission line of 400 kV capacity and nearly 100 kilometres of road would be constructed with the grant assistance under the MCC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact has been ratified in line with Article 279 of the Constitution of Nepal and its authenticated copies in the Nepali and English language have been published in the Nepal Gazette as per Clause 12 of Nepal Treaty Act, 2074 BS.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the agreement, MCC will provide US$ 459.5 million for the project. Apart from the financial management, US government will provide additional US$ 40.5 million to Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Under this project, the 400 kV double circuit transmission line at Nanglebhare of Kathmandu district will link the New Butwal substation in Butwal through Ratmate of Nuwakot and Damauli of Tanahun. Similarly, under the project, another transmission line goes through Galchhi in Dhading district to Hetauda in Makawanpur district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">All the preparedness for the project with a five-year completion deadline has moved forward, according to the MCA Nepal. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the process of using the forest lands and the distribution of compensation for acquiring them as per the environment impact assessment report is underway. Land acquisition at Ratmate in Nuwakot has been completed. -- RSS </span></span></span></p>
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		'Article' => array(
			'id' => '15160',
			'article_category_id' => '278',
			'title' => 'FCAN Announces 'Construction Holiday'',
			'sub_title' => '',
			'summary' => 'April 25: The Federation of Contractors' Associations of Nepal (FCAN) has announced a 'construction holiday' arguing that there is lack of environment conducive for construction due to price hike of construction materials.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">April 25: The Federation of Contractors&#39; Associations of Nepal (FCAN) has announced a &#39;construction holiday&#39; arguing that there is lack of environment conducive for construction due to price hike of construction materials.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Excessive price hike of construction materials, some errors in the 11th amendment to the Public Procurement Regulation and provisions in the Insurance Directives, 2078 BS among others have made the matter worse, said the federation.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As a result, approximately 3,500 projects have been halted in protest.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">FCAN President Rabi Singh confirmed that they have announced a construction holiday as the construction business is at risk of collapsing.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to Singh, over 17,000 contractors have been on the brink of quitting their business. Construction of around 1500 projects has continued however, he said.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Singh added that they will launch sit-ins at the district administration office of all 77 districts and the office of the Chief Minister of all seven provinces from April 26.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The FCAN in a statement urged the government to resolve the problems faced by the construction industry as they will have negative impacts on country&#39;s economy as a whole.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement said they had to resort to protest after their repeated calls to the government to address their problem went unheard.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As part of their protest, they launched sit-in in front of the office of the Public Procurement and Monitoring Office and the Insurance Board last Thursday and Friday.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">They have demanded price adjustment of construction materials, amendment of inconsistent points in the 11th amendment to the Public Procurement Regulation, 2078 and to scrap the Insurance Directive, 2078.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Independent Power Producers&#39; Association, Nepal has also expressed its solidarity with the demand of scraping the Insurance Directive, 2078. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'id' => '15124',
			'article_category_id' => '278',
			'title' => 'FCAN Announces Protest Programme',
			'sub_title' => '',
			'summary' => 'April 18: After their demands were not met, the Federation of Contractors’ Association Nepal (FCAN) announced protest programme to get their voices heard. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">April 18: After their demands were not met, the Federation of Contractors&rsquo; Association Nepal (FCAN) announced protest programme to get their voices heard. On Sunday, the federation revealed that it will be holding sit-ins at government offices starting from April 21. The protests will be held at the Public Procurement Monitoring Office and the Insurance Board.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A team led by the president of the federation, Ravi Singh handed over a memorandum to the Public Procurement Monitoring Office and the Insurance Board on Sunday in this regard.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The federation handed over the memorandum to Madhusudan Burlakoti, secretary of the Public Procurement Monitoring Office, urging them to address their demands. Stating that no attention was paid to the demands of FCAN so far, President Singh said that they would hold a sit-in if a resolution is not reached within April 21.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The FCAN has been demanding that the government address the issue of price hike of construction materials, the deadline of contracts should be extended, and some provisions in the Public Procurement (Eleventh Amendment) Rules-2078 BS, Insurance Directive-2078 BS should be amended / annulled. The federation said that despite making those requests repeatedly, the issues were not addressed at all.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Roshan Dahal, general secretary of the federation said that even though the federation gave enough time to resolve the problems of the construction industry, it was not addressed. Similarly, in a memorandum submitted to the Insurance Board by the federation, it has demanded scrapping of the Insurance Directive-2078 issued by the board. The federation has been saying that the alternative of scrapping the directive could be addressed through amendment.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the federation, the decision to increase the premium rate by the insurance companies four to five times is unreasonable. Similarly, the federation said that the provision of not settling 70 to 80 percent of the claims by the insurance companies in the past to the insurers is also not acceptable.</span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '17381',
			'article_category_id' => '278',
			'title' => 'Ranke-Rabi-Bhedetar Road Sees Dismal Progress In 50 Months',
			'sub_title' => '',
			'summary' => 'The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months. ',
			'content' => '<p>&nbsp;</p>

<p><span style="font-size:18px">March 27: The construction of Ranke-Rabi-Bhedetar road linking four districts of eastern Nepal has hardly made 25 percent progress in 50 months.&nbsp;</span></p>

<p><span style="font-size:18px">The road project had to be completed some 14 months back. Still, the tasks related to track expansion, wall construction and other foundational works are continuing.&nbsp;</span></p>

<p><span style="font-size:18px">According to Chief Bidur Pokharel of Federal Road Division Office Ilam, only 18 percent progress was made on the road construction in four years. &ldquo;Contractor Company expedited construction work in the last three months,&rdquo; Pokharel said. </span></p>

<p><span style="font-size:18px">Track expansion and wall construction are underway in the 28-km of Ranke-Rabi road section. Likewise, blacktopping is underway in the Budhabare Bazaar-Bhedetar section, Division Chief Pokharel added.</span></p>

<p><span style="font-size:18px">&nbsp;&ldquo;The Contractor Company has expressed the commitment to complete blacktopping of 50-km out of 101-km road within 2023,&rdquo; Pokhrael informed.&nbsp;</span><br />
&nbsp;</p>
',
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			'created' => '2023-03-27',
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			'sortorder' => '17115',
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			'id' => '17259',
			'article_category_id' => '278',
			'title' => 'Small Contractors Face Existential Crisis In Chitwan ',
			'sub_title' => '',
			'summary' => 'Exorbitant bank interest rates and closure of the rivers and streams for raw materials for the past two years have hit small contractors hard in Chitwan.',
			'content' => '<p><span style="font-size:18px">March 14: Exorbitant bank interest rates and closure of the rivers and streams for&nbsp;raw materials for the past two years have hit small contractors&nbsp;hard in Chitwan. Shortages of raw materials and high bank interest rates have pushed&nbsp;small construction entrepreneurs at&nbsp;the point of shutting down their business.&nbsp;</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chapter General Secretary Puskar Adhikari said out of 400 small contractors 390 are small&nbsp; in the district. The total number of contractors including those not affiliated to the FCAN is around 1000 in Chitwan.</span></p>

<p><span style="font-size:18px">If the same condition continues, more than 75 per cent contractors will wash their hands from construction sector, said Adhikari. Contractors say that soaring bank interest rates and increased fuel prices have kept the construction business in a crisis, forcing them to switch their business.&nbsp;</span></p>

<p><span style="font-size:18px">Adhikari complained that&nbsp; around 100 contractors had been unable to give continuity to their business. He urged the the government to solve small contractors&#39; problems at the earliest.&nbsp;</span></p>

<p><span style="font-size:18px">It is learnt that contractors have to pay Rs 5,000 more for per tipper of river-borne raw materials compared to the past as the government is yet to open the contract for river-borne materials in the district.&nbsp;</span></p>

<p><span style="font-size:18px">Troubles of the contractors do not end here. Traffic police have halted the plying of vehicles loaded with contruction materials &nbsp;from 8:00 am to 11:00 am and 4:00 pm to 8:00 pm&nbsp;to ease the traffic. This has kept construction entrepreneurs from finishing the their work on time, according to contractors.</span></p>

<p><span style="font-size:18px">Federation of Contractors&rsquo; Associations of Nepal Chitwan Chairman Keshav Lamichhane said that not opening the rivers and streams for raw materials had added&nbsp;the troubles for the contractors.</span></p>

<p><span style="font-size:18px">&ldquo;Government policy has adversely affected both small and big contractors,&rdquo; Lamichhane said. He argued&nbsp;that concerned agencies&rsquo; failure to issue&nbsp;payment for even the timely completed work had aggravated the plight of contractors.</span></p>

<p><span style="font-size:18px">Bharatpur Metropolitan City Deputy mayor Chitrasen Adhikari says that construction work has to be completed within the deadline in line with the&nbsp;contract. He&nbsp;admitted high bank interest rates and paucity of the raw materials had troubled contractors.&nbsp;&nbsp;He, however,&nbsp;argued that some contractors would always look for excuses not to finish the work within the slated timeframe.</span></p>

<p><span style="font-size:18px">&ldquo;Bharatpur Metropolis has taken an action against 17 construction companies for failing to complete work within deadline by&nbsp;making&nbsp;excuses not to finish the work,&rdquo; Adhikari said. He suggested both the government and contractors to fulfill their duties responsibly.&nbsp;</span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '15198',
			'article_category_id' => '278',
			'title' => 'MCC Compact Published in Nepal Gazette   ',
			'sub_title' => '',
			'summary' => 'May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government's official bulletin.    ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">May 1: The US-funded Millennium Challenge Corporation (MCC) Compact project has been published in the Nepal Gazette, the government&#39;s official bulletin.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this, the project considered a milestone in the development of energy and infrastructure sector of Nepal has formally come into the implementation process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The $500 million project funded by the US government was ratified by the Federal Parliament on February 27, 2022 along with a 12-point interpretative declaration after a long political dispute and differences. The government and the MCC had signed the agreement on September 14, 2017.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact aims to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India&mdash;helping to spur investments, accelerate economic growth, and reduce poverty.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A total 312-kilometre transmission line of 400 kV capacity and nearly 100 kilometres of road would be constructed with the grant assistance under the MCC.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The MCC compact has been ratified in line with Article 279 of the Constitution of Nepal and its authenticated copies in the Nepali and English language have been published in the Nepal Gazette as per Clause 12 of Nepal Treaty Act, 2074 BS.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">As per the agreement, MCC will provide US$ 459.5 million for the project. Apart from the financial management, US government will provide additional US$ 40.5 million to Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Under this project, the 400 kV double circuit transmission line at Nanglebhare of Kathmandu district will link the New Butwal substation in Butwal through Ratmate of Nuwakot and Damauli of Tanahun. Similarly, under the project, another transmission line goes through Galchhi in Dhading district to Hetauda in Makawanpur district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">All the preparedness for the project with a five-year completion deadline has moved forward, according to the MCA Nepal. </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, the process of using the forest lands and the distribution of compensation for acquiring them as per the environment impact assessment report is underway. Land acquisition at Ratmate in Nuwakot has been completed. -- RSS </span></span></span></p>
',
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			'created' => '2022-05-01',
			'modified' => '2022-05-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '14940',
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			'article_date' => '2022-05-01 19:58:32',
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		'Article' => array(
			'id' => '15160',
			'article_category_id' => '278',
			'title' => 'FCAN Announces 'Construction Holiday'',
			'sub_title' => '',
			'summary' => 'April 25: The Federation of Contractors' Associations of Nepal (FCAN) has announced a 'construction holiday' arguing that there is lack of environment conducive for construction due to price hike of construction materials.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">April 25: The Federation of Contractors&#39; Associations of Nepal (FCAN) has announced a &#39;construction holiday&#39; arguing that there is lack of environment conducive for construction due to price hike of construction materials.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Excessive price hike of construction materials, some errors in the 11th amendment to the Public Procurement Regulation and provisions in the Insurance Directives, 2078 BS among others have made the matter worse, said the federation.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As a result, approximately 3,500 projects have been halted in protest.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">FCAN President Rabi Singh confirmed that they have announced a construction holiday as the construction business is at risk of collapsing.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to Singh, over 17,000 contractors have been on the brink of quitting their business. Construction of around 1500 projects has continued however, he said.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">Singh added that they will launch sit-ins at the district administration office of all 77 districts and the office of the Chief Minister of all seven provinces from April 26.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The FCAN in a statement urged the government to resolve the problems faced by the construction industry as they will have negative impacts on country&#39;s economy as a whole.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement said they had to resort to protest after their repeated calls to the government to address their problem went unheard.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">As part of their protest, they launched sit-in in front of the office of the Public Procurement and Monitoring Office and the Insurance Board last Thursday and Friday.</span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">They have demanded price adjustment of construction materials, amendment of inconsistent points in the 11th amendment to the Public Procurement Regulation, 2078 and to scrap the Insurance Directive, 2078.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Independent Power Producers&#39; Association, Nepal has also expressed its solidarity with the demand of scraping the Insurance Directive, 2078. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'id' => '15124',
			'article_category_id' => '278',
			'title' => 'FCAN Announces Protest Programme',
			'sub_title' => '',
			'summary' => 'April 18: After their demands were not met, the Federation of Contractors’ Association Nepal (FCAN) announced protest programme to get their voices heard. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">April 18: After their demands were not met, the Federation of Contractors&rsquo; Association Nepal (FCAN) announced protest programme to get their voices heard. On Sunday, the federation revealed that it will be holding sit-ins at government offices starting from April 21. The protests will be held at the Public Procurement Monitoring Office and the Insurance Board.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A team led by the president of the federation, Ravi Singh handed over a memorandum to the Public Procurement Monitoring Office and the Insurance Board on Sunday in this regard.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The federation handed over the memorandum to Madhusudan Burlakoti, secretary of the Public Procurement Monitoring Office, urging them to address their demands. Stating that no attention was paid to the demands of FCAN so far, President Singh said that they would hold a sit-in if a resolution is not reached within April 21.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The FCAN has been demanding that the government address the issue of price hike of construction materials, the deadline of contracts should be extended, and some provisions in the Public Procurement (Eleventh Amendment) Rules-2078 BS, Insurance Directive-2078 BS should be amended / annulled. The federation said that despite making those requests repeatedly, the issues were not addressed at all.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">Roshan Dahal, general secretary of the federation said that even though the federation gave enough time to resolve the problems of the construction industry, it was not addressed. Similarly, in a memorandum submitted to the Insurance Board by the federation, it has demanded scrapping of the Insurance Directive-2078 issued by the board. The federation has been saying that the alternative of scrapping the directive could be addressed through amendment.</span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">According to the federation, the decision to increase the premium rate by the insurance companies four to five times is unreasonable. Similarly, the federation said that the provision of not settling 70 to 80 percent of the claims by the insurance companies in the past to the insurers is also not acceptable.</span></span></p>

<p>&nbsp;</p>
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European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00