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TMI BlogCabinet approves Revised Cost Estimate of Dam rehabilitation and Improvement ProjectX X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet approves Revised Cost Estimate of Dam rehabilitation and Improvement Project - News and Press Release Dated:- 19-9-2018 - News - 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 ₹ 3466 crore with the financial assistance of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he World Bank to improve safety and operational performance of 198 Dams, along with institutional strengthening with system wide management approach. Out of ₹ 3,466 crore, ₹ 2,628 crore will be funded by the World Bank and ₹ 747 crore will be funded by DRIP States / Implementing Agencies (IAs) and balance ₹ 91 crore to be funded by Central Water Commission (CWC). The C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CEA also gave its ex-post facto approval for 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 safety of downstream population and property. The primary beneficiaries are both urban and rural communities dependent on reservoir and downstream comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unities, who are prone to risk associated with dam failure or operational failure. Further, through institutional strengthening component, effectiveness of Dam Safety Organisations will be increased to take the lead to make dams safe from structural and operational point of view through capacity building of staff and officials. Details: DRIP envisages following objectives: - a) Compo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nent-I: - Rehabilitation of Dam and its Appurtenant Structures, b) Component-II: - Institutional Strengthening and c) Component-Ill: - Project Management. The Scheme envisages 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 (U ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ttarakhand Jal Vidyut Nigam Limited). Numbers of dams with initial and revised cost submitted by Implementing Agencies are as follows: Implementing Agency No. of Project Dams Total Initial Project Cost ( Rs Crore) Total Project Revised Cost ( Rs Crore) Madhya Pradesh WRD 25 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 315 169 Odisha WRD 26 148 751 Tamil Nadu WRD 69 486 543 TANGEDCO 20 260 260 Kerala WRD 16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 158 360 KSEB 12 122 154 CWC 132 270 Karnataka WRD 22 276 581 UJVNL 5 64 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 235 DVC 3 139 143 Total Cost (in Rs Crore) 198 2100 3466 Background: Originally, the total cost of DRIP was ₹ 2100 Crore with State component of ₹ 1968 Crore and Central Component of ₹ 132 Crore. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Initially the project was a six-year Project which commenced on 18 th April, 2012 with a scheduled closing on 30 th June, 2018. The Project implementation has been granted in-principle approval for two years extension in the year 2017 by Union Minister of Water Resources, River Development and Ganga Rejuvenation and the World Bank with a revised closure date of the project by 30th June 2020. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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