Tuesday, 30th September 2014

Stop delay on work on Araniko Highway: FNCCI


Privacy Policy

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Wednesday again called on the government to expedite work on resuming traffic on the Araniko Highway as soon as possible.

Transport on the highway, Kathmandu's life-line trade link to China, has been disrupted after a portion was damaged in a landslide that hit Jure in Sindhupalchowk on August 2.

Organising a press conference in Kathmandu on Wednesday, FNCCI said the disruption was causing the country to lose more than Rs 30 million a day in taxes and customs revenue while the private sector was losing tens of billions in trade and business every day.

"Cutting off of Nepal's connection to the northern international border will have a negative effect on our economy. Quickly getting to work on reconnecting the highway is of paramount importance," Pradip Jun Panday, the president of FNCCI, said at the press conference.

Panday added that trade with China was not the only sector being hit.

"This is having an effect on the country's tourism sector as well."

Panday also charged that the government was delaying work on highway and stressed that the government should work on opening up a dam formed by debris from the landslide to allow barrier lake to drain in a controlled manner so that the old route could be repaired.

Nepal Trans Himalayan Border Commerce Association President Nilkantha Chaulagai also urged the government to help transport billions worth of goods stuck in different places along the highway to their destinations.

Similarly, Sindhupalchowk Chamber of Commerce & Industry President Kamal Kumar Shrestha said 400 containers were stranded while another 400 containers remain parked on the China side of the border waiting.