Kathmandu, Sept 18 : A South Korean Consultancy Company has been selected to prepare the Detailed Project Report (DPR) of the Kathmandu-Terai Madhesh Fast-Track project, a mega project of national pride and strategic importance.
The Nepal Army (NA) had earlier assigned an Indian company named IL and FS but it did not agree with the cost of the report prepared by the Indian company. Hence, the South Korean company, Soosung, has been assigned to prepare the DPR for the 76-kilometre fast-track highway project.
The Project Chief and Major General Yogendra Bahadur Khand shared that construction agreement would be made between the South Korean company chosen to prepare DPR for the estimated Rs 111 billion-project and the NA by the end of September.
The preparation cost of DPR as demanded by the Indian company was Rs 510 million higher than what it has been agreed with the South Korean company - at Rs 100.15 million, informed Project Chief Khand.
The South Korean company is committed to prepare DPR within four months of the purchase agreement with the NA.
It has been 13 months since the NA was entrusted with the responsibility to manage the construction of the Fast-Track.
The NA has been carrying on the basic and preliminary works relating to the Fast-Track based on the feasibility study conducted by the Asian Development Bank in 2008.