Govt gives green signal to construction of Pokhara Int’l Airport

The government has given green signal for the construction and development of regional international airport in Pokhara.

The cabinet meeting on Friday decided to give a go-ahead to the project by choosing China CAMC Engineering Co to construct the second international airport of the country.

The project had been delayed since last July after the project cost went up to US$ 305.13 million (Rs. 27 billion) as per the estimation of China CAMC, the lowest bidder, while the government had estimated the project to cost around Rs. US$ 175 million (Rs. 16 billion).

The cabinet approved the development of Pokhara International Airport through the CAMC following the proposal of the Ministry of Culture Tourism and Civil Aviation (MoCTCA) as the Chinese lowest bidder is ready to proceed on with the government's estimated cost, according to the ministry.

The government has invited the company to construct the airport under the Engineering Procurement and Construction model while it has planned to take soft loans from the Export-Import Bank of China (Exim Bank) for the project. Nepalnews.com