Kathmandu: The Nepal government’s Department of Roads has entreated the Japan International Cooperation Agency to consent to the Department’s plan to move ahead with the Naagdhunga-Naubise avenue tunnel project.
JICA is extending a mortgage of Rs 15 billion at the subsidised fee of 0.01 per cent interest price for 40 years for the project, which is expected to value Rs 16 billion in total. Therefore, the authorities desires to gets its plan accepted from the bilateral agency.
The Department says it has written a letter to JICA around three weeks in the past looking for the approval. The agency, however, has now not spoke back to the name yet.
Sanjaya Shrestha, Chief of the Foreign Assistance Division at the Department, says the Department will name for tenders for the building works as soon as it gets the consent. A detailed venture record has already been prepared whereas the Japanese government supported Nepal in getting ready a design.
“We have done almost everything. Now, JICA desires to supply us the consent to go ahead.”
The authorities wants to start the development of 2.35-km tunnel within next one year.