Bhutan re­ceived cheques worth Nu. 1.9B from the Govern­ment of In­dia

Bhutan Times - - Front Page - Staff Reporter

Bhutan re­ceived cheques amount­ing to Nu. 1.9B from the Govern­ment of In­dia last Thurs­day. The Offtg Sec­re­tary of the Gross Na­tional Hap­pi­ness Com­mis­sion Thin­ley Nam­gyel re­ceived the cheque amount­ing to Nu. 1,997.737 mil­lion from Bish­wadip Dey, Deputy Chief of Mis­sion, Em­bassy of In­dia in Thim­phu. Out of which Nu. 1245.972 mil­lion for GoI Pro­ject Tied As­sis­tance projects and Nu. 751.765 mil­lion For Small De­vel­op­ment Pro­ject.

The re­lease of funds of worth Nu. 1997.737 mil­lion per­tains to re­con­struc­tion of Wangdipho­drang Dzong, up gra­da­tion of Sem­tokhaWang­due high­way of 65 km, up gra­da­tion of Wang­due-Chuser­boo high­way , up gra­da­tion of Trongsa-Chuser­boo high­way , upgra­da­tion of Yadi-Ling­methang high­way , ex­pan­sion of Paro in­ter­na­tional air­port, ur­ban in­fra­struc­ture de­vel­op­ment un­der Kan­glung of Trashigang Dzongkhag , con­ser­va­tion of Pha­jod­ing Lhakhang in Thim­phu , de­vel­op­ment of in­fra­struc­ture and teach­ing at Col­lege of Sci­ence & Tech­nol­ogy in Rinchend­ing , de­vel­op­ment of in­fra­struc­ture and teach­ing at Gaeddu Col­lege of Busi­ness Stud­ies in Chukkha , de­vel­op­ment of in­fra­struc­ture and teach­ing at the In­sti­tute of Lan­guage and Cul­tural Stud­ies in Tak­tse un­der Trongsa Dzongkhag and 1st in­stall­ment of 3rd batch of small de­vel­op­ment pro­ject of 30%.

The Offtg Sec­re­tary of GNHC thanked Govern­ment of In­dia for the timely re­lease of funds as it would help in the timely com­ple­tion of the projects. He in­formed that the Bhutan In­dia De­vel­op­ment co­op­er­a­tion projects were at ad­vance stage of im­ple­men­ta­tion and ef­forts were be­ing made to com­plete most projects as sched­ule and re­quested if re­main­ing re­lease of funds could be pro­cessed at an early date. The govern­ment of In­dia has com­mit­ted Nu. 45,000 mil­lion in the 11th Five year plan ( FYP) to Bhutan. The de­tail break-up of the com­mit­ment are: Nu. 28,000 mil­lion for Pro­ject Tied As­sis­tance (PTA), Nu. 8,500 mil­lion for Pro­gram Grant (PG) and Nu. 8,500 mil­lion for Small De­vel­op­ment Projects (SDP). As on date, Govern­ment of In­dia has re­leased Nu. 10,355.610 mil­lion for GoI PTA projects, Nu. 4,250 mil­lion for Pro­gram Grant and Nu. 2,971.114 mil­lion for SDP to Bhutan. In this fi­nan­cial year, GoI has re­leased Nu. 9210.843 mil­lion. (Pro­ject Tied As­sis­tance (PTA) Nu. 5475.339 mil­lion, Small De­vel­op­ment Pro­ject (SDP) Nu. 2035.504 mil­lion and Pro­gramme Grant (PG) Nu. 1700 mil­lion). In to­tal, GoI has re­leased Nu. 17,576.724 mil­lion to RGoB which is 39.06 % of to­tal com­mit­ted al­lo­ca­tion in the 11th Five Year Plan Pe­riod.

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