In association with
Logo Logo Logo

21 Construction Companies Face Action: Nepal

The Road Division Office, Hetauda has proceeded to take action against 21 construction companies who have failed to complete agreed projects in time.
Image for Representation

N24 Staff Writer, HETAUDA: The Road Division Office, Hetauda has proceeded to take action against 21 construction companies who have failed to complete agreed projects in time.

The companies would be blacklisted and their contracts with road projects based in Makawanpur, Bara and Parsa districts were cancelled as per the Clause 59 of the Public Procurement Act, 2063, according to the Office Chief Yogesh Suman.

They were forced to resort to this move as the companies did not come in contact despite issuing a notice in this regard time and again, he said. The road project contract was reached with the companies 11 years ago.

The companies in question include seven based in Makawanpur, six in Parsa, three in Bara and one in Kathmandu. Bank collateral put by the companies in question would be taken and remaining money to be paid recovered, said Suman. Efforts were underway to take action against other construction companies failing to complete projects, he said.

Comment here !
Related News

KATHMANDU: Nepal Rastra Bank (NRB) has issued a notice that there would not be any transaction with the existing Qatari

By DAMIAN J. TROISE: Stocks were mostly lower in morning trading on Tuesday as investors started digesting company earnings reports that

KATHMANDU: Finance Minister Bishnu Prasad Poudel has said that Nepal has been established as a welcoming destination for economic investment.

By N24 Correspondent, KATHMANDU:- Plastic pollution is a serious threat to our environment and health, and plastic is something that