Quake costs Bhutan’s 10th Plan

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Oct 24:  The Bhutanese government has seen a loss of Ngultrum (Nu), Bhutanese currency 2.5 billion due to the deadly earthquake of September 21, and it could delay in the programs of the 10th Plan.

The early recovery of the disaster is expected to cost the government Nu 2,192 million which is almost 70 per cent of the annual net revenue of Tala, the country’s biggest hydropower project. Although the earthquake would cost the 10th Plan, Prime Minister of Bhutan Jigme Y Thinley has implied that the international communities will help with the reconstruction.

“I have been receiving overwhelming responses from the international communities to support the reconstruction”, says the Prime Minister adding there may not be such a big problem to carry out even the 10th Plan. The government will see an immediate assistance from UNDP and UNICEF that have committed USD 400,000 and USD 140,000 respectively.

Similarly, the government of Kuwait shall be assisting with USD 2 million and the government of Turkey has pledged USD 100,000 as immediate assistance. The latest report made public by a team of government, World Bank and UN officials highlights that the country saw a huge damage of Nu 1,118.8 million on houses and Nu 716 million on health and education sectors because of September 21 earth quake.  

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