Phuentsholing Township Development Project - Additional Financing: Report and Recommendation of the President

Reports and Recommendations of the President | November 2020

The proposed additional financing will cover cost overruns of the ongoing Phuentsholing Township Development Project. The ongoing project will construct river walls and raise ground levels to protect Phuentsholing city and a new township from floods and riverbank erosion. It will also develop common infrastructure on about 66 hectares (ha) of new urban land to enable the safe and sustainable expansion of human settlements and commercial activities. The project will also support capacity development to improve flood risk management and the delivery of urban services.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated November 2020 is provided for the ADB project 50165-003 in Bhutan.

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