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Minister Kulman Ghising -led ministries cancel 60 inactive contracts worth Rs 16.28 billion

himalaya Diary News Service by himalaya Diary News Service
December 10, 2025
in Business
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Minister for Energy, Water Resources and Irrigation Kulman Ghising said the current government is working to restore public confidence by ensuring good governance
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Minister Kulman Ghising has overseen the termination of 60 stalled development contracts valued at Rs 16.28 billion across the three ministries under his leadership. These include 38 road and bridge contracts, 19 irrigation contracts, and three related to urban development. Notices have been issued for the cancellation of 298 problematic contracts worth Rs 34.33 billion in total. The largest termination is the Rs 14.8 billion Sunkoshi Marine Diversion Multipurpose Project. The Federation of Contractors’ Associations of Nepal has strongly objected, warning that mass cancellations and large-scale forfeitures of bank guarantees could destabilize the construction sector.

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