CCEA approves Revised Cost Estimate of Dam rehabilitation and Improvement Project

Cabinet Committee on Economic Affairs (CCEA) has approved Revised Cost Estimate of Dam Rehabilitation and Improvement Project (DRIP). It has been increased to Rs. 3,466 crore from earlier Rs. 1968 crore. CCEA also gave approval for two-year time extension for project from July 2018 to June 2020.

Revised Funding pattern

Out of total revised cost of  Rs.3,466 crore, Rs.2,628 crore will be funded by World Bank and Rs.747 crore will be funded by DRIP States or Implementing Agencies (IAs) and balance Rs.91 crore will be funded by Central Water Commission (CWC).

Dam Rehabilitation and Improvement Project (DRIP)

The project aims to improve safety and operational performance of 198 Dams from seven states (69 from Tamil Nadu), along with institutional strengthening with system wide management approach. It will also improve safety and operational performance of selected existing dams and mitigate risks to ensure safety of downstream population and property.
DRIP objectives

• Component I: Rehabilitation of Dam and its appurtenant structures.
• Component II: Institutional Strengthening.
• Component III: Project Management.

Primary beneficiaries of this project are both urban and rural communities dependent on reservoir and downstream communities, who are prone to risk associated with dam failure or operational failure. The institutional strengthening component of this project will increase effectiveness of Dam Safety Organisations to take the lead to make dams safe from structural and operational point of view through capacity building of staff and officials.
The project envisages comprehensive rehabilitation of 198 existing dam projects located in seven states viz. Kerala, Madhya Pradesh, Odisha, Tamil Nadu, Karnataka, Uttarakhand (Uttarakhand Jal Vidyut Nigam Limited) and Jharkhand (Damodar Valley Corporation).

Month: Current Affairs - September, 2018