Nepal Accepts US$305 Million ADB Financing Package for Road Improvement

On 3 November, Nepal’s Cabinet accepted US$285 million in concessional loan financing and a US$20 million grant from the Asian Development Bank for road improvements. The decision also covered reforms to the Fertilizer Control Order, adding nano-fertilisers, biostimulants and organic fertilisers to the regulated category of essential substances. Formal signing of the financing had not been reported by the end of the week. The decisions create opportunities for infrastructure contractors, agricultural suppliers and policy consultants. HPC can support public-policy research, procurement intelligence and strategic business introductions.