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KMC to construct 8 new over-head bridges

Gorkha Post

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KATHMANDU — The Kathmandu Metropolitan City (KMC) is all set to construct eight new over-head bridges at different locations in Kathmandu valley to ease traffic congestions.

The metropolitan is coordinating with the Traffic Police and the Department of Road for the construction of the bridges, according to KMC’s Physical Infrastructures Division Chief Ram Bahadur Thapa.

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The construction of the modern and new types of overhead bridges is expected to ease traffic congestions and reduce the number of road accidents.

The over-head bridges will be built in Teku Bhansar, Tripurashwor, Maitighar, Babar Mahal (Kathmandu District Court), Putalisadak, Maharajgunj, Koteshwor and Gausha, Thapa added.

The KMC has allocated Rs 120 million budget to construct new bridges in the valley.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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