Construction to begin on Nepali-Chinese joint venture

Huaxin Cement Narayani, a Nepali-Chinese joint venture, is set to begin construction on its facility in Dhading district, Nepal, within the next few days.

"The promoters of the company have informed us that they will lay the foundation stone on Friday and start the construction," said Uttam Bhakta Wagle, spokesperson at the Investment Board Nepal (IBN).

The company has already acquired a limestone mine from the country's Department of Mines and Geology through a global tender for NPR600m (US$5.25m). The plant is scheduled to be completed within 18 months.