FY 2024/24 Budget: Govt. to run triangle project connecting Bharatpur, Pokhara, Butwal

Kathmandu: The government has announced to running Gandaki Economic Triangle Project connecting Bharatpur, Pokhara and Butwal.

Presenting the government’s budget estimates for the coming fiscal year 2024/25 in the joint meeting of the parliament today, Finance Minister Barshaman Pun mentioned that the Gandaki Economic Triangle Project would be implemented to launch a model development campaign as per the concept of integrated development.

Industrial revival and quality employment would be carried out by building an industrial ecosystem with the partnership of the private sector under this project. The expansion of the under-construction Narayangadh-Butwal and Muglin-Pokhara road sections will be completed within the coming fiscal year, as mentioned in the budget.

The Butwal-Pokhara road would be expanded into a dedicated two-lane, said Finance Minister Pun, sharing that the necessary transport network would be developed for industrial development at three corridors of the triangle.

Narayangadh-Butwal road section would be developed as the centre of construction materials and heavy industry, the Muglin-Pokhara section as the centre of agriculture and food processing industry and the Pokhara-Butwal section as the centre of electronic equipment, footwear, clothes, carpet and goods and services related to domestic purpose industry under the project.

A total of two million rupees budget has been allocated for the implementation of the project developing it as the model project at public-private partnership. The budget reads that surrounding areas along the east-west highway from Nijgadh to Dhalkebar would be developed as Nepali carpet corridor and arrangements would be made to purchase such carpets by public agencies.