World Bank Provides Additional Resources to Upgrade Rural Roads in Nepal
Washington DC, December, 2009 – The World Bank today approved US$ 45 million in additional financing to help scale up Nepal’s efforts at improving the rural road network.
The Rural Access Improvement and Decentralization Project (RAIDP) has been upgrading rural roads in 20 of Nepal’s 75 districts since 2005, when the World Bank provided a US$ 32 million grant. The Government of Nepal and participating District Development Committees (DDCs) have provided about US$ 10 million. The Swiss Agency for Development and Cooperation (SDC) has also provided US$ 2.1 million for the Trail Bridges component of the project.
With the new financing, the project will expand its operations to 10 more districts . The additional funds will also help meet cost escalations that have occurred on account of the doubling of input prices since 2005. For example, the cost of reinforcement bars and cement increased by an average of 130 percent between 2005 and 2007. Costs also increased following an upgrade in technical specification, i.e., moving from gravel to low cost black-top roads.
Washington DC, December, 2009 – The World Bank today approved US$ 45 million in additional financing to help scale up Nepal’s efforts at improving the rural road network.
The Rural Access Improvement and Decentralization Project (RAIDP) has been upgrading rural roads in 20 of Nepal’s 75 districts since 2005, when the World Bank provided a US$ 32 million grant. The Government of Nepal and participating District Development Committees (DDCs) have provided about US$ 10 million. The Swiss Agency for Development and Cooperation (SDC) has also provided US$ 2.1 million for the Trail Bridges component of the project.
With the new financing, the project will expand its operations to 10 more districts . The additional funds will also help meet cost escalations that have occurred on account of the doubling of input prices since 2005. For example, the cost of reinforcement bars and cement increased by an average of 130 percent between 2005 and 2007. Costs also increased following an upgrade in technical specification, i.e., moving from gravel to low cost black-top roads.
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