Former Bagmati Chief Minister Stresses Importance of Legislation for Construction Sector Issues

Kathmandu. Former Chief Minister of Bagmati Province and Nepali Congress leader Bahadur Singh Lama stated that the laws formulated by the state are most crucial for resolving the problems faced by construction entrepreneurs. Speaking at an event amidst the election fervor of the Nepal Construction Entrepreneurs' Federation, he emphasized that agreements between the state and entrepreneurs must be in a 'win-win' situation benefiting both parties.

Mentioning the significant financial burden placed on entrepreneurs who have already taken contracts due to the price hike in petroleum products and construction materials caused by the conflict between Israel and Iran, he opined that the law itself needs to be changed to address this. Recalling that he himself entered politics from a construction entrepreneur background, Lama informed that he has previously served the Federation as Joint Treasurer, Treasurer, and Vice President.

He stated that since the construction business is a subject linked to engineering, technology, and science, technically proficient and capable leadership is necessary to understand it. Claiming that he worked by understanding the plight of entrepreneurs when he was the Minister of Economic Affairs and Chief Minister of Bagmati Province, he recounted the history of releasing over 3 billion rupees without keeping any payment pending for any construction entrepreneur. He mentioned providing relief to entrepreneurs by clearing old pending payments in the sectors of physical infrastructure, drinking water, and irrigation.

Lama lamented that the government's perspective towards construction entrepreneurs has still not become positive, and stated that entrepreneurs themselves must be capable and united. His suggestion is that the funds deposited by entrepreneurs in the fund should be utilized for enhancing their capabilities and introducing new technology.

He also urged all construction entrepreneurs to set aside personal interests and move forward unitedly in the upcoming convention.