CCEA approves Revised Cost Estimate of DRIP with financial aid of World Bank

Out of Rs.3,466 crore, Rs.2,628 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 to be funded by Central Water Commission (CWC).

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, 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 to improve safety and operational performance of 198 Dams, along with institutional strengthening with system-wide management approach. Out of Rs.3,466 crore, Rs.2,628 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 to be funded by Central Water Commission (CWC).

The CCEA also gave its ex-post facto approval for a two-year time extension from 1^st July 2018 to 30^th  June 2020

Impact:

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.  Further, through institutional strengthening component, the effectiveness of Dam Safety Organisations will be increased to take the lead to make dams safe from the structural and operational point of view through capacity building of staff and officials.

(With inputs from PIB)