GoI provides grant of Nu 810.22-M towards key development projects

This grant has been made under the Project Tied Assistance (PTA) committed by the GoI to the RGoB for the 12 Five Year Plan (FYP) of Bhutan.

Sonam Penjor

The Government of India (GoI) has released an amount of Nu 810.22-million (M) to Bhutan on 30 April for the smooth implementation of various development projects in the country.

According to the press release from the Indian Embassy, Thimphu, these projects are spread over diverse sectors inter alia education, culture, and industrial development, highways and infrastructure development.

This grant has been made under the Project Tied Assistance (PTA) committed by the GoI to the RGoB for the 12 Five Year Plan (FYP) of Bhutan.

Out of this grant amount, Nu 275-M has been earmarked for the construction of Sarpang Dzong that would house the offices of local administration and the Dzonkhag monastic body.

The Dzong will incorporate modern building technologies while preserving the traditional Bhutanese Architecture.

In addition, an amount of Nu 92-M will be dedicated to the development of Jigmeling Industrial Park in Sarpang. This project will create manufacturing facilities for cottage, small, medium and large industries in central Bhutan, and will provide a favorable environment for the development of private industries and socio-economic well-being of the region, states the press release.

It further states that India is supporting the education flagship program which is being implemented in all 20 Dzonkhags and four Thromdes of Bhutan.

This project aims to enhance ICT skills of students, supply digital devices to schools and augment trainers’ competencies in computer coding. An amount of Nu 71.5-M has been released for this program.

Further, for the construction of the Royal Institute of Law in Paro, an amount of Nu 168-M has been dedicated.

For the development of sports infrastructure in seven Dzongkhags of Bhutan, Nu 52-M is being released under the grant. This project, being implemented by the Bhutan Olympic Committee, will provide the youth and the urban residents an opportunity to partake in sports and recreation.

In support to infrastructure development projects, an amount of Nu 66.67-M has been released for the Improvement of Sunkosh-Dagepala highway and an additional amount of Nu 85-M has been committed for the Resurfacing of Samtse-Tashochoeling-Tendruk road. Both the projects would help improve the connectivity in the southern Dzongkhags of Samtse and Dagana.

For the 12 FYP of Bhutan, GoI has committed a financial support of Nu 45-billion (B) comprising Nu 28-B of PTA, Nu 8.5-B of assistance towards high impact community development projects and Nu 8.5-B of program grant assistance, added the press release.

Meanwhile, since the start of the 12 FYP, India has released Nu 22.86-B till date.

“The people and the GoI stand resolutely committed to the long term well-being and prosperity of the people and the RGoB,” the press release stated.