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Press Release: Cheques worth Rs./Nu. 1040 million was...
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Press Release

Cheques worth Rs./Nu. 1040 million was handed over by Charge d' Affaires to the GNHC

Mr. S. Koventhan, Charge d' Affaires, handed over 5 cheques totalling Rs./Nu 1040 million to GNHC’s Sr. Program Coordinator, Mr. Passang Dorji at India House Estate, Thimphu.

This release of funds worth Rs/Nu. 440.145 million pertains to 4 PTA (Project Tied Assistance) projects and Rs/Nu. 600 million pertains to final installment of Economic Stimulus Package of the RGoB.

The four PTA projects which are part of Government of India’s grants to Bhutan for RGOB’s XI Plan period are:
i. Up-gradation of Wangdue-Chuserboo Highway (Rs./Nu. 217 million)
ii. Construction of 40 bedded Dewathang Hospital (Rs./Nu. 141.1 million)
iii. Construction of 40 Bedded Tsirang Hospital (Rs./Nu. 59.865 million) &
iv. Automate G2G Services (Rs.Nu. 22.18 million)

Government of India has committed Rs./Nu. 28000 million for Project Tied Assistance (PTA), Rs/Nu. 8500 million for Small Development Projects (SDP), Rs/Nu. 8500 million for Programme Grant (PG) and Rs/Nu. 5000 million as Economic Stimulus Plan (ESP) in the 11th Five Year Plan Period.

As on date, GOI’s commitment for Small Development Projects, Programme Grant and Economic Stimulus Plan have been fully disbursed and Rs./Nu. 26432 million has been released for the 83 PTA projects. Of Rs/Nu. 5 billion committed under plan assistance and ESP, Rs/ Nu 4.843 billion has been released to RGoB which is 97% of GOI’s commitment.

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Thimphu
05th July, 2018

 
 
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