The Asian Development Bank has agreed to provide a loan assistance of NRS 3460.96 million for the expansion of road networks, RSS reported.

According to the Finance Ministry, the major components of the project  consists of strengthening  about 140 km of East-West Highway, improvement of approximately 165 km of feeder roads and important district roads in the hill and Terai regions, development of a three year programme of performance based maintenance of roads and improvement of an access road to the border crossing at Kakarvita.

The government of the United Kingdom is co-financing the project with a grant assistance of Pounds Sterling 7,064,000 to meet part of the cost of this project. The grant assistance will cover the cost of construction of about 26 kilometer Hile-Basantapur road out of the planned 165 km roads improvement

component and construction of about 96 kilometers of feeder road connecting Basantapur and Khandbari, under the Feeder Road construction (FRC) component of the project.

Overall objective of the project is to improve transport efficiency thereby enabling the country to simulate economic growth and create jobs by maintaining, improving and developing the road network within the country.