Cabinet approves Revised Cost Estimate of Punatsangchhu-II Hydroelectric Project. Which fact is true in this regard?

• A. A bilateral agreement was signed between India and Bhutan in April 2010 for the implementation of Punatsangchhu-II Hydroelectric Project with a sanctioned cost of Rs 3777.8 crore (March 2009 price level).
• B. It is financed by the Government of India in the form of a 30 percent grant and 70 percent loan at 10 percent annual interest, which will be paid back in 30 equal half-yearly installments.
• C. (1) and (2) both
• D. neither of the above