KATHMANDU: The government led by Prime Minister KP Sharma Oli has recently completed the first year of its five-year term.

In his address to the country on February 14, Prime Minister said the government took the period as a year to develop the foundation for structural management of the state and prosperity of the country.

During the period, the government has brought into implementation the fiscal federalism. To do so, it prepared a comprehensive framework for revenue allocation to state and local governments.

The government completed the task of employee adjustment this year, fixing a total of 137,371 postings of employees in all federal, state and local tiers of the government.

Towards formulation and enforcement of fundamental rights, 25 new laws were endorsed from the parliament, five ordinances were introduced and 23 bills are under consideration. Preparation is underway to present 24 other bills.

In order to enable an investment-friendly environment, the government has put forward the process of formulation of or amendment to 13 Acts, rules and directives.

Similarly, the participation of Prime Minister-led high-level delegation to the World Economic Forum in Davos was a step in sharing Nepal's status with global leaders and enabling the environment for foreign investment.

In an effort to expedite the development of tourism sector, the government started operation of Tribhuvan International Airport for 22 hours a day. The construction of Gautam Buddha International Airport and Pokhara International Airport have gained momentum. The task of land pooling for the construction of Nijgadh International Airport has begun.

The PM-initiated campaign for the removal of tuin has also gathered pace and construction of bridges in place of tuin has taken pace.

Likewise, in energy sector, the construction of Upper Tamakoshi Hydropower has come to its final stage while construction of Arun III has also begun.

During the period, the government has built 497 kilometres of new road and blacktopped 221 kilometres of road. A total of 87 new Reinforced Cement Concrete (RCC) bridges were constructed while 417 suspension bridges were built in the period of one year.

The construction of Kathmandu-Nijgadh expressway is also taking pace. Works are underway along Dhalkebar-Simara section under the Mechi-Mahakali railway. Nepal has moved ahead with the procurement process to operate its own train for Janakpur-Kutho railway.

Similarly, Mechi Bridge was inaugurated during the period.