World Bank Sign Two Agreements to Enhance Connectivity and Human Capital

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The FINANCIAL — The Government of Nepal and the World Bank signed two agreements totaling US$155.7 million to be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving food security of vulnerable households and communities in the country.

The first credit will finance the US$133 million Second Bridges Improvement and Maintenance Program targeting approximately 477 bridges along Nepal’s Strategic Roads Network. This includes maintenance support for approximately 90 bridges and upgrading road safety measures on approximately 180 existing bridges to help reduce accidents, injuries, and fatalities.

The program will also support construction, rehabilitation or replacement of approximately 80 new two-lane bridges and 35 four-lane bridges. In addition, it will help the Department of Roads complete construction of 92 bridges that are vital to improving connectivity and access throughout Nepal.

Under the second agreement, the multi-donor Global Agriculture and Food Security Program (GAFSP) will provide a US$22.7 million grant to support the Food and Nutrition Security Enhancement Project. The project aims to improve the health and livelihoods of approximately 65,000 direct beneficiaries, of which 65 percent will target women.

It will work with smallholder and marginal farmers to improve nutritional behavior by linking it with agriculture-related and income-enhancing activities. In addition, farmers from adjacent communities are expected to indirectly benefit through knowledge exchanges and other engagements from project-supported farmers.

The agreements were signed by Finance Secretary Rajan Khanal and the World Bank Country Director for Bangladesh, Nepal and Bhutan, Qimiao Fan, in the presence of Finance Minister Yuba Raj Khatiwada and World Bank Vice President for South Asia Region, Hartwig Schafer. Senior government officials were present during the occasion.

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