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Press Release: GoI releases funds for Up gradation of...
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Embassy of India
Thimphu

Press Release

GoI releases funds for Up gradation of Trongsa-Nangar Highway PTA project

Mr. S. Koventhan, First Secretary (Eco & Com), Indian Embassy, handed over cheque of Rs. /Nu. 66.7203 Crore to Mr. Passang Dorji, Sr. Program Coordinator, GNHC on 24th October 2017.

2. This release of fund of Rs./Nu. 66.7203 Crore is for Up gradation of Trongsa-Nangar Highway.

3. Government of India has committed Rs./Nu. 5000 Crore in the 11th FYP to Royal Government of Bhutan. The detailed break-up of the commitment is: Rs./Nu. 2800 Crore for Project Tied Assistance (PTA), Rs./Nu. 850 Crore for Program Grant (PG), Rs./Nu. 850 Crore for Small Development Projects (SDP) and Rs./Nu. 500 Crore for Economic Stimulus Plan.

4.  As on date, Government of India has released Rs./Nu. 2026.54 Crore for PTA projects, Rs./Nu. 722.5 Crore for Program Grant, Rs./Nu. 800.15 Crore for SDP and Rs./Nu. 440 Crore for Economic Stimulus Plan to RGoB. In total, GoI has released Rs./Nu. 3989.2 Crore to RGoB which is approximately 80 % of total GOI commitment for the 11th Five Year Plan Period.

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Thimphu
24th October 2017

 
 
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