On February 21, CAMCE, as the lead party of the consortium formed with Shandong Luqiao Group Co., Ltd., signed a commercial contract for the fifth bid section of the Kathmandu-Telai Fast Track(Expressway) Road Project with the Nepal Army.
The Kathmandu-Telai Fast Track(Expressway) Road is the first expressway in Nepal and is listed as one of the "National Honorary Projects" by the Nepalese government. The fifth bid section includes the construction of a two-way four-lane expressway, the design and construction of three twin bridges, an overpass and other projects. The project became effective upon signing.