New Delhi, Oct 29(UNI) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Thursday approved the Dam Rehabilitation and Improvement Project (DRIP) Phase II and Phase III to improve the safety and operational performance of selected dams across the whole country, along with institutional strengthening with system wide management approach, Minister for Jal Shakti Gajendra Singh Shekhawat said.
The cost of the Dam Rehabilitation and Improvement Project (DRIP) Phase II and Phase III, which will be implemented with the financial assistance of the World Bank (WB), and Asian Infrastructure Investment Bank (AIIB), is Rs 10,211 crore.
The Project will be implemented over a period of 10 years duration in two Phases, each of six years duration with two years overlapping , from April, 2021 to March, 2031.
The share of external funding is Rs 7,000 crore of the total project cost. The balance Rs 3,211 crore is to be borne by the concerned Implementing Agencies (IAs). The contribution of Central Government is Rs 1,024 crore as loan liability and Rs 285 crore as counter-part funding for Central Component.
DRIP Phase II and Phase III is aimed to improve the safety and performance of selected existing dams and associated appurtenances in a sustainable manner to strengthen the dam safety institutional setup in participating states as well as at central level, and to explore the alternative incidental means at few of selected dams to generate the incidental revenue for sustainable operation and maintenance of dams
The Scheme envisages comprehensive rehabilitation of 736 existing dams located across the country in the states of Andhra Pradesh, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Punjab, Rajasthan, Tamil Nadu Telangana, Uttar Pradesh, Uttarakhand and West Bengal.
