Monorail along the Ring Road in Kathmandu Valley will cost Rs 116 billion.
The report prepared by China Railway Construction Corporation (CCRC), that started feasibility study for the project three months ago, says the project can be completed in three years.
The Chinese company, that was given six months to complete the study, submitted the report to Kathmandu and Lalitpur metropolitan cities amidst a program at the Rastriya Sabhagriha on Thursday.
Mayor of Kathmandu Bidya Sundar Shakya and that of Lalitpur Chiri Babu Maharjan were present on the occasion. The mayors said process for the detailed project report (DPR) will start soon after studying the feasibility study report.
The CCRC, in the report, has expressed interest to prepare even the DPR. It states that the DPR can be completed in six months.