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If Amochu’s temporary houses remain in the project area, the first phase of the Phun Tsholing township development project, which is due to be completed in December, will likely be difficult to reclaim.
Built in 2020 for families affected by the COVID-19 pandemic, the project covers 17 acres and covers 11% of the population.
This means that the Rs 227 million (or 10%) funds borrowed from the Asian Development Bank will not be implemented.
The first phase of the project, which included the construction of riverbanks and embankments along the river, was completed in November 2022. The second phase of the project is 45% complete, including the urban infrastructure project.
The project, implemented by Nepali companies Kalika and Innovation Construction Company at a cost of Rs.1.74 Cr, is spread over 1.74 acres and has around 300 workers.
The project is currently 3% to 4% behind schedule, but project management said it is expected to be completed in May 2025, with only 10 months left.
Kamal Dakal, project director of the Bhutan Construction and Development Corporation (BCDC), said all the projects will be completed before the end of the ADB loan.
The greening and landscaping works are scheduled to be put out to tender later this year.
The project will support urban land management and investment development in Bhutan and is currently in talks with the Cattle Foundation and Building Development Corporation to encourage recruitment.
The budget for the Phuntsholing Urban Development Project is US$93 million, of which the Asian Development Bank provides a grant of US$34.26 million, and a loan of US$81.5 million, of which US$47.24 million.
The remaining $11 million (9%) will be allocated as shares to the Bhutan People’s Wealth Fund.
The startup costs for infrastructure management at Indian manufacturing company Fcos stood at $3.518 trillion, up 18% due to the agricultural outbreak.
The project, which began in 2018, was originally scheduled to end in May and would not be completed until 2022.
The Amochu River is at risk of flooding if the construction of the dikes and levees along the river is completed. Flooding is also possible if the 13 sewage systems are blocked during the summer.
Officials said the government was committed to promoting heritage protection and water security as the issue hurts investment in urban development.
Lhundrup Rinpoche, project manager of the Construction and Development Corporation, said that these six canals are special, the Phuntsholing-Chamkuna road project and the Amochu local plan (100 acres) and urban areas are worthy of attention because they are prone to flooding and casualties. There is also a high risk of disruption to life.
In June 2023, floods damaged houses near six rivers and the cost of clearing the debris was estimated at Rs 3.4 million.
Without sustainable multi-agency intervention to maintain this rotation, the problem is that spring always comes with high property damage and reconstruction costs, posing an existential risk.
In the current business climate, Phuntsok Lin will be able to develop the required land. The development of the Phuntsok Lin township area will take decades to become a successful township, requiring policy changes and strong government support.
Currently, Complex B covers 240 acres and Complex C covers 650 acres, and the project currently includes five smaller expanses that are also designated as ecotourism areas.
The Bhutan People’s Property Foundation (BPPF) is working on land acquisition and economic development for the urban development project and the Construction Development Corporation is prioritising and managing the development of the project.
Ugyen Dorje
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