Yangphel CEO confident of a turnaround with improved approach road  In 2011 the National Pension and Provident Fund (NPPF) and Yangphel Housing partnered together on a ‘Home Ownership Project’ designed especially for NPPF members by starting the construction of 136 apartments in a three acre land in Kabesa, Thimphu. However, …

The Royal Audit Authority (RAA) in its Annual Audit Report for 2014 has pointed out Nu 122.08 mn worth of irregularities pertaining to the Education City project. Of the total, Nu 110.74 mn are observed directly against the Bhutan Education City Secretariat. The RAA report says in a case of …

In response to a question at the monthly meet the press the Prime Minister and Economic Affairs minister both said that the Eastern Development Initiative (EDI), a special initiative to develop the six dzongkhags of eastern Bhutan was already being implemented. Lyonpo Norbu Wangchuk said, “EDI is a big umbrella …

The Office of the Attorney General (OAG) has said that it would go by the Anti Corruption Commission’s (ACC) decision on the issue of appealing the Lhakhang Karpo case to the High Court. Attorney General (AG) Shera Lhendup said, “As justice should not only be done but must seen to …

Govt also assures that both P I and P II are flood proof and insured After the Lemthang Glacial Lake Overflow Flood (GLOF) that occurred on the Mochhu river on 28th June, the government has decided to go for a reassessment of all 2,674 glacial lakes in Bhutan’s highlands and …

The Royal Audit Authority (RAA) in its 2014 Annual report has carried out a limited review of 10th plan activities covering 14 Dzongkhags and found wasteful expenditure, planned activities not being carried out and delays in various projects like farm roads, BHUs, school, irrigation canals, local government offices etc. Waste …

The Royal Audit Authority (RAA) Annual report says the compared to Nu 261.46 mn in 2013 the irregularities in 2014 has increased by 142 percent at Nu 634 mn. In a comparative analysis for the last five years since 2010 this is the third highest figure. In 2010 there was …

Hydro project contractors shift back to importing cement from India due to erratic supply issues Dungsam Cement, for quite some time fought a long and hard battle to get mega project contractors to buy cement entirely from them and succeeded in doing so. However, this time around the very plant …

GSI report in February 2009 before tender was given had indicated faults in right bank that needed additional investigation The narrative in the Punatsangchu-I project so far has been that the sinking right side of the dam was a ‘geological surprise’ that became a major problem only from July 2013 …

A joint audit report by the Royal Audit Authority (RAA) and the Comptroller and Auditor General of India (CAG) has estimated that the Bhutan would be losing Nu 15.97 bn in notional revenue loss for every year of the 1200 MW Punatsangchu I project being delayed. With the project being …