Indian Government commits Nu.20 billion to Bhutan

(Nov 26 2012) The Government of India (GoI) has committed a total Nu.20 billion for Bhutan’s 10thFive Year Plan under the GoI’s project tied assistance. Of Nu.20 billion over Nu. 15 billion has been disbursed. The figure was revealed at the fourth project monitoring committee meeting on GoI’s project tied assistance to Bhutan. The meeting was held in Thimphu today.

The committee reviewed the progress of the project under the GoI project tied assistance. They also discussed issues causing delay in the implementation of the projects. GNH Commission’s Secretary, Karma Tshiteem, said the major projects will be completed on time. However, he pointed out that delay in the release of fund and cost escalation is hampering timely implementation of the projects.

The head of the GoI delegation, Puneet R Kundal assured that efforts will be made to make sure the release of fund do not affect the progress of projects. “We are impressed looking at the progress of the projects. However I think there are some problem related to cost escalation and in delay of releasing fund,” said Puneet R Kundal. He said they will look into it

GoI project tied assistance in the 10th Five year plan includes projects under various ministries and agencies. The areas of assistance include roads, energy, livestock, agriculture, culture and judiciary.

Courtesy: BBS