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