Kathmandu, June 13 -- Construction of a flyover and underpass along the heavily congested Tinkune-Jadibuti section of Kathmandu's Ring Road is unlikely to begin for another 18 months to two years, despite the government securing funding for the project.

The project will be implemented with concessional financing from the Japan International Cooperation Agency (JICA). The Cabinet approved a concessional loan of 34.49 billion Japanese yen, equivalent to around Rs32.76 billion, from the Japanese government for the Koteshwar Intersection Improvement Project, clearing the way for implementation.

The loan documents were signed on December 3, 2025, by Japanese Ambassador Maeda Toru and Finance Secretary Ghanashyam Upadhyaya.

However, official...