गृहपृष्ठ ∕ Business ∕ Contracts of stalled projects will be terminated: Finance Minister Mahat Business Contracts of stalled projects will be terminated: Finance Minister Mahat KathmanduPati August 14, 2023 File Photo KATHMANDU – Finance Minister Dr. Prakash Sharan Mahat has made it clear the contracts of projects failing to report the progress will be terminated. During his discussions with protesting contractors at his office today, the Minister said the government would clear its payments to contractors, but again it would not hesitate to cancel contracts of stalled projects. In case of those projects for which the termination of the contracts is not a feasible option, he urged for the management of the budget and the acceleration of the projects. It is noted that the Federation of Contractors’ Association of Nepal (FCAN) has been agitating under its second phase of the protest since August 10, alleging the government’s procrastination to release payments to them. Comments 0 Share your view on this story. Please keep it civil and respectful. No comments yet. Be the first to share your thoughts. Leave a comment Cancel replyYour email address will not be published. Comments appear after moderation.CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Write your comments RELATED NEWS Singh says Balen-led government must complete five-year term Bandipur plans park featuring giant national flag Kathmandu, Sudurpaschim set for Friday’s NPL doubleheader Nepal seeks ICT cooperation with Qatar, Estonia Khanal, Antonio Guterres discuss Nepal’s flood, climate action Nepal Calls for global mountain climate action Top Headlines PM Shah pledges Krishnabhir highway reopening within month1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Monsoon is predictable and Nepal’s disaster response should be too3 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief4 When the State Pulls the Trigger, Who Answers ?5 Before the Ballots: How Oli Lost the Political Narrative6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector Pathao, Tootle resume ride sharing services after authorities relax lockdown What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? The Role of the Nepalese Army in Strategic Road Projects What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society UPAYA CITY CARGO LAUNCHES Version 3.0
