Cabinet approves deadline extension of Dam Rehabilitation and Improvement Project

Image
ANI New Delhi [India]
Last Updated : Sep 19 2018 | 5:50 PM IST

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revised cost estimate of the Dam Rehabilitation and Improvement Project (DRIP), along with a two-year time extension from July 1, 2018 to June 30, 2020, for the completion of the project.

The revised cost of the project is Rs 3466 crore, out of which Rs.2,628 crore will be pumped in by the World Bank, Rs.747 crore by the DRIP States / Implementing Agencies (IAs) and Rs.91 crore by the Central Water Commission (CWC).

The project envisions institutional strengthening and project management, including capacity building of staff and officials to ensure operational safety. Furthermore, the project aims at comprehensive rehabilitation of 198 existing dam projects located in seven states of India namely, Kerala, Madhya Pradesh, Odisha, Tamil Nadu, Karnataka, Jharkhand (Damodar Valley Corporation) and Uttarakhand (Uttarakhand Jal Vidyut Nigam Limited).

It also aims at ensuring the safety of downstream population and property that are affected in the case of a dam failure or operational failure.

The new closure date for the project has been jointly decided by the Union Minister of Water Resources, River Development and Ganga Rejuvenation and the World Bank.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 19 2018 | 5:50 PM IST

Next Story