Economy Main News

IBN to prepare DPR of metro railway project in the Kathmandu Valley

KATHMANDU —  The Investment Board Nepal (IBN) has been authorised to prepare the detailed project report (DPR) of metro railway project in the Kathmandu Valley.

The board meeting of IBN chaired by Prime Minister Sher Bahadur Deuba took a decision to this effect on Monday and directed the IBN management to conduct detailed feasibility study (DFS) and prepare DPR of Route Number 2 of the Kathmandu Valley metro railway project that connects Naagdhunga-Koteshwor-Dhulikhel.

The decision was made based on a report submitted by a committee comprising a member of the National Planning Commission, the apex body that frames country’s development plans and policies.

The committee formed on January 8 was told to conduct a study on the modality of operating metro rail service in the Valley. IBN then suggested the government to construct two railways connecting the Kathmandu Valley within next four years.

ALSO READ :  NC, Maoist Center finalise name of ministers

IBN while presenting a study report to the government on railway construction, had suggested the construction of 79-kilometre railway in Kathmandu at the cost of Rs 316 billion.

The 54-km Route 2 stretches from Nagdhunga to Dhulikhel via Kalanki and Koteshwor. The route is being built under Build-Own-Operate-Transfer (Boot) model.

The IBN board meeting has also directed IBN management and other concerned government entities to implement the recommendations made by the committee regarding Route Number 1 of the metro railway project that extends from Budhanilkantha to Satdobato.

In 2012, Korean consulting firms had jointly submitted an inception report on the feasibility of building a metro railway project in the Valley to the Department of Railways proposing five metro lines could be built in the Valley — four inside Ring Road and one around the Ring Road.

The report had put the cost of building the 77km project at around Rs330 billion.

Monday’s board  meeting also decided to extend the deadline for financial closure of two major hydropower projects — Arun III and Upper Karnali.

Each of the hydropower projects are of 900 MW capacity.