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Province govt to construct Bhimphedi-Kulekhani tunnel: Province 3 CM Paudel

Gorkha Post

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HETAUDA — Province 3 Chief Minister Dormani Poudel has asserted that the Province Government would construct the Bhimphedi-Kulekhani Tunnel Highway.

He said although the government had signed an agreement in 2012 with Nepal Infrastructure Development Company to complete the tunnel way within four years, works have not progressed in that connection so far. So the provincial government would undertake its construction, he said.

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Stating that the state government has already allocated Rs 50 million for preparing the detailed project report of the tunnel way, Chief Minister Poudel said, “The construction works would be carried out vigorously placing the project as the pride project of the province.”

The provincial government has also requested the federal government to abrogate the agreement with the Company citing that the company, it seems, could not carry out the construction now although it has extended the project term till 2022.

Chief Minister Poudel said the Company has so far not even started a scratch of work on the project.

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Economy

Business community demands slash in interest rate

Pratigya Waiju

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BIRATNAGAR— The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) from the borrowers.

They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.

At a programme jointly organised by Industry Association Morang and Trade Association Morang on Thursday, the business leaders drew attention of the government to that end adding that job creation for the labour force of 500,000 was not likely only from the industry and trade sectors.

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Stressing the need for slashing the interest rate, they also argued the central bank should realise the reality that no bank was running out of loss. The industrialists and businesspersons said that industries and business should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.

Industrialists Bhim Ghimire, Pawan Kumar Sharda, Sushen Pyakurel, Moti Dugad and others said that bank’s interest rate should be low to increase the domestic investment and lure the foreign investment.

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