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KATHMANDU Hydro Flask Coffee 16 Oz Coffee White UK , Dec. 19 (Xinhua)-- Giving up its earlier decision to develop Kathmandu-Terai Fast Track road project under the public private partnership (PPP) model, Nepal's Ministry of Physical Infrastructure and Transport has planned to implement it under the direct government investment.


The ministry has been planning to take soft loan from the World Bank for the project implementation. The Fast Track road is projected to cost 100 billion Nepalese rupees (1.05 billion U.S. dollars).


The four-lane project is intended to link Nepal's capital with Terai and other southern bordering parts within four hours, which otherwise takes around eight hours.


The much talked about 76 km expressway had been uncertain in the third week of September after none of the three short-listed Indian firms submitted the request for proposal to undertake the project relinquished it.


India firms like the Reliance Infrastructure, the Infrastructure Leasing & Financial Services (IL&FS) and the Larsen and Turbo (L&T) Infrastructure Development Projects had applied for the project development after the government expressed interest in the project. "We have been in negotiation with World Bank group for taking soft loan for the project construction."Tulasi Prasad Sitaula, secretary of the Ministry of Physical Infrastructure and Transport Hydro Flask Coffee 16 Oz Coffee Olive UK , told Xinhua on Thursday.


He added the World Bank has shown interest in lending soft loan for the project worth 500 million U.S. dollars.


Previously, the project had been designed to be developed under build, own, operate and transfer (BOOT) model. "The ministry has finally decided that the project should be directly invested and undertaken by the government itself so as to ensure its successful implementation," added Sitaula.


He said his ministry is forwarding the proposal to the National Planning Commission (NPC) on Friday. Once the NPC gives nod to the project development Hydro Flask Coffee 20 Oz Coffee White UK , Nepal's Finance Ministry will have a final loan agreement with the World Bank.


The government has already invested around 2 billion Nepalese rupees (21 million U.S. dollars) for land acquisition and for track opening from Chhalnakhel, the beginning point of the project, to Nijgadh, the ending point.


At present, passengers have to cover about 157 km from Kathmandu to Nijgadh if they travel along Tribhuvan Highway and about 254 km if they opt for Narayangadh-Mugling-Kathmandu road. The proposed fast track Hydro Flask Coffee 20 Oz Coffee Olive UK , however, will be only about 76-km-long. Enditem


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