The Druk Holdings and Investment (DHI) has said that it along with its companies will render all help in the reconstruction of the Wangdue Dzong.
“DHI companies will play a major role in the reconstruction process within the framework of the government’s plan. We want to play a central role,” said the Chairman of DHI, Lyonpo Om Pradhan.
Lyonpo Om Pradhan said firstly, the Ministry of Home and Cultural Affairs (MoHCA) will have to come up with the overall plan, which he believed that the ministry was currently doing.
“Going with the master plan, companies under the DHI will be allotted its own responsibilities, but, first the plan will have to be ready and only then DHI can step in,” said Lyonpo.
The Chairman said once the plan is at hand, the assessment and the allocation of budget and the resources required will have to be worked out. He said that in accordance to the plan and timeframe, everything will have to be coordinated and each sector will have to have its own responsibility.
On the areas that DHI could support in the reconstruction, Lyonpo Om Pradhan said that DHI companies with their respective competence and resources can help.
For instance he pointed out that for the construction purposes, cement, power, communications, and timber amongst many other resources would be required, which DHI will be able to provide or support with.
He said cement would be managed by the cement plants, the Bhutan Power Corporation (BPC) could help in the power front, Bhutan Telecom Limited (BTL) would help with communications, and for the essential requirements for building materials like stones and timber the Natural Resource Development Corporation Limited (NRDCL) could supply them.
The Chairman said the banks would help to supply financial services to the contractors and agencies working on the Wangdue Dzong reconstruction, the Bhutan Board Products Limited (BBPL) would contribute in supplying furniture and other items required for reconstruction.
“The rest of the companies could support in terms of funds and logistics,” said the Chairman.
“We are at the disposal of the government and the DHI family will definitely do what we all can with enthusiasm. DHI will not do a half hearted job,” said the Chairman.
Lyonpo Om Pradhan said the DHI was keenly awaiting directives from the MoHCA.
Meanwhile the Director General, Department of Culture Dorji Tshering said, the master plan for the reconstruction of the Dzong was ready and work would commence soon.
Dorji Tshering said he expected DHI’s support in the reconstruction process especially from the Punatsangchu project for energy, and also for building temporary place for the Dratshang and Dzongkhag.
He said apart from the 200 plus laborers on the site, the project team comprised a project manager, accounts’ manager, and three architects amongst others.
Meanwhile, the DHI and the companies under DHI have been making personal contributions and initiating fund raising events for the Dzong reconstruction.
DHI is an autonomous holding company established by a Royal Charter in 2007 with the primary mandate, “to hold and manage the existing and future investments of the Royal Government of Bhutan for the long term benefit of its shareholders, the people of Bhutan.” It is also the investment arm of the government. The Ministry of Finance is DHI’s sole shareholder.
Companies owned by DHI with 100% shares are Druk Green Power Corporation, Bhutan Power Corporation, Bhutan Telecom, Natural Resources Development Corporation, DHI Infra, Druk Air, Dungsam Cement Corporation, and Dungsam Polymers.
Companies with majority DHI stake are Bank of Bhutan and State Trading Corporation of Bhutan. Other than that are DHI linked companies where DHI has a significant share but not a majority one. These are BBPL, Penden Cement, RICBL, BFAL and BNBL.
The net worth of DHI in 2011 stands at Nu 64 bn up from Nu 20.344 bn in 2007. DHI therefore has been growing at an annual average of 32% every year.