Construction Federation Warns of Nationwide Project Stoppage Due to Price Hikes and Material Shortages

Kathmandu. The Federation of Contractors' Associations of Nepal (FCAN) has stated that it is no longer possible to continue development and construction work across the country due to unexpected price hikes and a shortage of construction materials. FCAN President Nicholas Pandey stated that continuing work in the current situation is not just 'difficult but almost impossible.' According to President Pandey, petroleum products (bitumen, kerosene, and diesel) account for 40 percent of the 'weightage' in road construction projects. However, with the price of diesel reaching 202 rupees per liter and its limited availability in the market, construction work is on the verge...