The Buddha Dordenma is a bronze statue, a 'Vajra Throne' Buddha, that is under construction amidst the ruins of Kuensel Phodrang, overlooking Thimphu city, about  above the Wang Chuu river bed. This location was the palace of Sherab Wangchuck, the 13th Desi Druk. It is a gigantic Shakyamuni Buddha statue under construction. The statue will house over one lakh (one hundred thousand) smaller Buddha statues, each of which, like the Buddha Dordenma itself, will be made of bronze and gilded in gold. Upon completion, it will be one of the largest Buddha rupas in the world, at a height of . The statue alone is being built at a cost of US$47 million, by Aerosun Corporation of Nanjing, China, while the total cost of the Buddha Dordenma Project is well over US$100 million. The interior will accommodate 100,000  and 25,000  gilded Buddhas respectively. It is planned to be completed by October 2010. Apart from commemorating the centennial of the Bhutanese monarchy, it fulfils two prophecies. In the 20th century, the renowned yogi Sonam Zangpo prophesied that a large statue of either Padmasambhava, Buddha or of a phurba would be built in the region "to bestow blessings, peace and happiness on the whole world". Additionally the statue is mentioned in the ancient terma of Guru Padmasambhava himself, said to date from approximately the 8th century, and recovered some 800 years ago by terton Pema Lingpa.