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CCEA approved revised cost estimate of Dam Rehabilitation and Improvement Projects
CCEA approved a revised cost estimate of Dam Rehabilitation and Improvement Project: Details, Aim, Highlights
The Cabinet Committee on Economic Affairs (CCEA) chaired by PM Narendra Modi on 19th September 2018 has approved the revised cost estimate of Dam Rehabilitation and Improvement Project (DRIP) at the revised cost of Rs 3466 crore with the financial assistance of the World Bank.
It aims to improve safety and operational performance of 198 Dams, along with institutional strengthening with system-wide management approach.
Out of Rs, 3466 crores, Rs 2628 crore will be funded by the World Bank and Rs 747 crore will be funded by DRIP States / Implementing Agencies (IAs) and balance Rs 91 crore will be funded by Central Water Commission (CWC).
The CCEA also gave its ex-post facto approval for the two-year time extension from 1st July 2018, to June 30, 2020
The project will improve the safety and operational performance of selected existing dams and mitigate risks to ensure the safety of downstream population and property.
The primary beneficiaries are both urban and rural communities dependent on reservoir and downstream communities, who are prone to risk associated with dam failure or operational failure.
