Union Cabinet has approved a 65% hike and two years extension for the Dam Rehabilitation Improvement Project (DRIP).
About:
Objective: To improve the stability and working of 198 dams in 11 States and to ensure safety of downstream population and property.
Coverage: The 7 states are Kerala, Madhya Pradesh, Odisha, Tamil Nadu, Karnataka, Jharkhand (Damodar Valley Corporation) and Uttarakhand (Uttarakhand Jal Vidyut Nigam Limited).
Duration: Initially, the six-year project commenced in 2012, with a scheduled closing on June 30, 2018. This has now been extended to June 2020.
Funding: Out of the ₹3,466 crore cleared, ₹2,628 crore would be funded by the World Bank and ₹747 crore by the States and Implementing Agencies (IAs), and the balance ₹91 crore by the Central Water Commission (CWC). Originally, the total cost of DRIP was ₹2,100 crore.
The primary beneficiaries are both urban and rural communities dependent on reservoir and downstream communities, who are prone to risk associated with dam failure. failure.
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