Chinese companies interested in Kathmandu-Tibet road tunnel
Kathmandu, March 27 Over half dozen construction companies from China have expressed their interest in the government’s plan to construct a road tunnel from Kathmandu to Rasuwagadhi bordering Tibet of China. Chief of the Foreign Division at the Department of Roads, Sanjaya Kumar Shrestha, says the companies have already filed their proposals to carry out the project though the government is yet to finalise its modality. All of the companies have proposed that the government adopt engineering procurement contract and financing (EPCF) model for the project. In this model, the single contractor invests its resources in the project before it hands over it to the government. The government, in return, has to pay the company. “However, we cannot discuss any proposal now till the government makes a decision on the modality,” Shrestha says, “The development of project now rests on the government.” The Department officials are hopeful that the government will put the project o