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Finance Ministry commits Rs 2.19 billion for Ilam disaster recovery

himalaya Diary News Service by himalaya Diary News Service
December 31, 2025
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The Ministry of Finance has approved a funding source of Rs 2.19 billion to rebuild roads and bridges in Ilam damaged by floods on October 4 and 5. Finance Minister Kulman Ghising instructed the Department of Roads to initiate tenders for reconstruction work on the Mechi Highway, Maikhola Bridge, and the Mechi Corridor. So far, Rs 540 million has been released for immediate repair work. Following the floods, which claimed 39 lives, the government declared Ilam a crisis zone on October 9. Of the total allocation, Rs 1.5 billion has been set aside specifically for the permanent restoration of the Mechi Highway.

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Nepal Rastra Bank relaxes profit repatriation rules for foreign investors

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