Client: Construction Development Corporation Ltd
Contractor: Afcons Infracture Ltd
Consultancy: Egis India JV with Gyaltshen Consultancy
Funding: Asian Development Bank(ADB) and Druk Holding and Invesment(DHI)

After 15 years since it first started as a flood mitigation project, work for the Phuentsholing township development project (PTDP) has begun. A salang tendrel for the first package (CW 01) of Zone A was held yesterday at the Amochhu site.

A total area of 162.88 acres will be made available for development in this zone. Works such as river training, embankment works, bank filling, and landscaping would be done under this first package of Zone A.CDCL is the implementing agency and it has awarded the package to AFCONS Infrastructure Limited (AIL) in India.

The Asian Development Bank (ADB) and the government are funding the project at a 70-30 ratio. ADB’s 70 percent has a grant of USD 24.26 million (M) and a loan of USD 28.74M.

Continue: http://www.kuenselonline.com/phuentsholing-township-development-project-kicks-off/ Source: Kuensel