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Kathmandu View Tower construction delayed due to lack of materials

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KATHMANDU — The construction of Kathmandu View Tower at the Purano (old) Bus Park is not making any progress because of lack of materials.

The delay in the tower’s construction has been attributed to the fact that all the construction materials have to be imported from India, said Manoj Bhetwal, Chief of Jaleshwor Swachchhanda Bkoi Builders Pvt Ltd, which is responsible for constructing the tower under the public-private partnership model.

He said all construction materials apart from cement, stones, gravel and sand have to be brought from India.

Currently, the construction site at the Bus Park has been shielded by corrugated zinc sheets. The construction process will speed up once the materials arrive from India, Bhetwal said.

The Bus Park was relocated to the nearby Khullamunch in mid-April to lend space for the construction.

In the view of the revised building codes following the massive earthquake of last year, preparations are being made to build the tower quake-resistant with the number of storeys limited to 12.

The construction company, as a part of an agreement with the Kathmandu Metropolitan City (KMC), will operate the building for 30 years after the construction is completed. The tower construction is said to be completed within five years of the commencement.

It has been estimated that a total of Rs 3.50 billion will be spent in the construction, KMC Spokesperson Gyanendra Karki said.

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South Korea provides 10 mln US Dollar grant assistance

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KATHMANDU — The government of South Korea, Korea International Cooperation Agency (KOICA), has agreed to provide 10 million US dollar (approximately Rs 1.02 billion) grant assistance to the project for the Integrated Rural Development of Nepal through Strengthening Research and Development Capacity of Kathmandu University (KU).

The objective of the project is to contribute for integrated rural development of Nepal by strengthening research and development capacity of KU and to promote technology innovation for improving quality of life and income status of people in rural communities in Nepal.

At a programme organised at the Ministry of Finance today, Finance Secretary Shankar Prasad Adhikari, and Park Young-sik, Ambassador of Korea to Nepal, signed the MoU.

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Kathmandu University is an autonomous and non-for-profit institution dedicated to maintain high standards of academic excellence.

The implementing agencies of the project are KOICA, Nepal and KU. The duration of the project will be from 2018-2023.

On the occasion, Finance Secretary, Adhikari, on the behalf of the government, expressed appreciation to the government of Korea for this assistance and its continued support in the socio-economic development of Nepal.

South Korea provides 10 mln US Dollar grant assistane

KATHMANDU — The government of South Korea, Korea International Cooperation Agency (KOICA), has agreed to provide 10 million US dollar (approximately Rs 1.02 billion) grant assistance to the project for the Integrated Rural Development of Nepal through Strengthening Research and Development Capacity of Kathmandu University (KU).

The objective of the project is to contribute for integrated rural development of Nepal by strengthening research and development capacity of KU and to promote technology innovation for improving quality of life and income status of people in rural communities in Nepal.

At a programme organised at the Ministry of Finance today, Finance Secretary Shankar Prasad Adhikari, and Park Young-sik, Ambassador of Korea to Nepal, signed the MoU.

Kathmandu University is an autonomous and non-for-profit institution dedicated to maintain high standards of academic excellence.

The implementing agencies of the project are KOICA, Nepal and KU. The duration of the project will be from 2018-2023.

On the occasion, Finance Secretary, Adhikari, on the behalf of the government, expressed appreciation to the government of Korea for this assistance and its continued support in the socio-economic development of Nepal.

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