Bhutan received the second tranche of Nu 5bn from the Government of India for the Gyalsung Project on Tuesday. The Indian Ambassador to Bhutan, Sudhakar Dalela handed over the amount to the Foreign Affairs and External Trade Minister, D.N. Dhungyel.
Under the MoU for the Gyalsung Infrastructure Project, the Government of India has disbursed a total of Nu 10bn so far. The first tranche of Nu 5bn was released in January of this year.
The MoU outlines Nu 15bn in concessionary loans for the development of infrastructure for Gyalsung academies. This is in addition to India’s plan assistance to Bhutan.
Tashi Dekar
