The 3rd Project Monitoring Committee (PMC) Meeting on GoI’s Project Tied Assistance (PTA) to Bhutan in the 10th Five Year Plan (FYP) was held in Thimphu at the Convention Hall on the 28th of July, 2011. The PMC is held annually in Bhutan to review the progress and status of projects under PTA. With their commitment of Nu. 34 billion to the 10th FYP, the GoI continues to be Bhutan’s largest development partner to date. Under Project-tied Assistance for the 10th FYP, there are projects under various ministries and agencies with an allocation of Nu. 20 billion, which was agreed upon between the two Governments during the 4th round of Plan Talks for the 10th FYP held on October, 2008, in New Delhi. Out of Nu. 20 billion, Nu. 10,521.209 million has been disbursed (53%) till date.
The RGoB delegation was led by the Secretary of the GNH Commission and included officials from the Ministry of Foreign Affairs and the GNH Commission. The GoI delegation was led by Shri Sanjiv Ranjan, Director (North) of the Ministry of External Affairs and included other GoI officials from the Ministry of External Affairs, as well as officials from the Embassy of India, Thimphu. The issues raised during the meeting were mainly regarding cost escalations of various projects. The RGoB will absorb these escalations by further re-prioritizing the PTA list, which will then be presented for endorsement during the next Plan Talks with GoI.
The GoI delegation was in Bhutan from 27th-30th July, 2011. The delegation also visited several projects including the office constructions of the Anti-Corruption Commission and the Royal Textile Academy, an RNR Center at Kawang Gewog (a Small Development Project) and the Civil Aviation Projects in Paro.
The PMC was established in October, 2004 during the 9th FYP as the formal forum between the two Governments for reviewing the progress of GoI project-tied assistance in Butan’s Five Year Plans and the release of funds for the projects. The first meeting was held in March 2005 at Thimphu and the PMC has convened eight times till date. The recent PMC meeting will be the ninth overall.
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