Nepal Strategic Road Connectivity and Trade Improvement Project (WB-P170409)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 20, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Nepal
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 525.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 650.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 10, 2019

Disclosed by Bank Jul 16, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The proposed Project plays a significant role in improving Nepal’s transport and trade connectivity with its neighbors India and China and also Bangladesh and Bhutan (via India). The project will support "(a) Improvement of the existing Nagdhunga-Naubise-Mugling (NNM) Road (96 km on the pivotal north-south trade corridor connecting Kathmandu and Birgunj, plus construction of a new 2-lane bypass from Sisne Khola to Dharke (~12 km); and (b) Upgrading of the Kamala-Dhalkebar-Pathlaiya Road (KDP) Road of the East-West Highway from 2-lane to 4-lane."

Investment Description
  • World Bank (WB)

Co-financiang: Borrower US$ 125 million

Contact Information

World Bank
Sri Kumar Tadimalla, Deepak Man Singh Shrestha
Senior Transport Specialist

Borrower/Client/Recipient
Ministry of Finance
Shree Krishna Nepal, Joint Secretary
sknepal40@mof.gov.np

Implementing Agencies
Ministry of Physical Infrastructure and Transport
Arjun Jung Thapa, Deputy Director General
arjunjung@yahoo.com
Ministry of Industry, Commerce and Supplies
Navaraj Dhakal, Joint Secretary
info@moc.gov.np

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.