Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The government has published tender for the development of Siddha Baba
tunnel along the Siddhartha Highway.
Following nod from the Ministry of Finance (MoF), the Ministry of Physical Infrastructure and Transport has taken the course of the project ahead and published the global tender notice.
MoF had given the permission to the department to initiate the procurement process for the tunnel within the limit of Rs 10.15 billion on November 18, 2019.
Although the department had initiated the process of calling tender bid immediately after getting the nod from the ministry, it has not been able to do so till now.
The estimated cost of constructing the tunnel is around Rs 8 billion, according to the department.
The government had approved the criteria for the construction of the tunnel on August 6 last year.
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