Kathmandu, February 12
According to a recent study of National Planning Commission (NPC), the government would have been able to save Rs 283 billion if the 22 projects that have been classified as NPPs were completed on time.
As the completion deadline of the projects has been extended time and time again citing various reasons, the country has lost more than Rs 300 billion in terms of expected output, as per the report.
Moreover, the progress of NPPs was only lukewarm in the first half (mid-July to mid-January) of this fiscal year.
|Kathmandu-Tarai Fast Track||111||213.95|
|Gautam Buddha Intl Airport||29.21||49.29|
|Hydro Transmission Line||70||70|
|Lumbini Area Development||5.55||6.1|
|Melamchi Drinking Water||24||35.54|
|Mid Hill Highway||33.36||84.33|
|Nijgadh Intl Airport||700||700|
|Pashupati Area Development||2.1||2.1|
|Pokhara Intl Airport||22.1||22.1|
|President Chure Conservation||1.25||8.55|
|Rail and Metro Rail Development||70.61||70.61|
|Rani Jamara Irrigation||12.37||27.7|
|Upper Tamakoshi Hydro||35.29||49.29|
|West Seti Hydro||148.7||148.7|
Amount in Rs bn; Source: NPC
According to the NPC, the total cost of the 22 NPPs has now reached Rs 1,927 billion against the initial projected cost of Rs 1,644 billion.
The commission has calculated the total cost of the projects based on their master plans. However, as the master plans of some of projects have not been approved yet, the planning body said that the cost calculation was based on the detailed feasibility study report of such projects.
As per NPC, the average cost per project has surged by Rs 12.90 billion. While the average cost of the 22 pride projects was Rs 74.7 billion, the cost has now risen to Rs 87.6 billion.
Among the NPPs, the cost overrun of Kathmandu-Tarai Fast Track is highest at Rs 102.9 billion. The government has assigned Nepali Army (NA) to complete the project. However, NA is yet to provide a justified reason for raising the construction cost of the project.
Meanwhile, Prime Minister KP Sharma Oli, on Monday, expressed concerns over the failure of different layers of governments in expediting development works as expected. Addressing the 47th meeting of the National Development Action Committee at the NPC, PM Oli expressed his frustration over unsatisfactory progress in pr