What is in news : Honnali in Davangere district received  clearance for Detailed Project Report (DPR) of two projects worth Rs 582 crore under Phase-II and Phase-III of the World Bank-sponsored Dam Rehabilitation and Improvement Project (DRIP).

Dam Rehabilitation and Improvement Project

• It was started in 2012 and was scheduled to be completed in 2018.
• In September 2018, the Government approved its revised cost estimates along with a two-year time extension from 2018 to 2020, for the completion.
• Apart from its general objectives, it also aims at ensuring the safety of downstream population and property that are affected in the case of a dam failure or operational failure.
• It was initially taken up for the repair and rehabilitation of dam projects across the seven states of India, namely Jharkhand, Karnataka, Kerala, Madhya Pradesh, Odisha, Tamil Nadu and Uttarakhand.

DRIP PHASE 3

• Recently, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has approved the Dam Rehabilitation and Improvement Project (DRIP) Phase II and Phase III.
• It envisages comprehensive rehabilitation of 736 existing dams located across the country and complements the Dam Safety Bill, 2019.
• Objectives:
  • To improve the safety and performance of selected existing dams and associated appurtenances in a sustainable manner.
  • To strengthen the dam safety institutional setup in participating states as well as at the central level.
  • To explore the alternative incidental means at few of selected dams to generate the incidental revenue for sustainable operation and maintenance of dams.
• Project Cost and Funding: Rs. 10,211 crore.
• Financial assistance of Rs. 7,000 from the World Bank and the Asian Infrastructure Investment Bank (AIIB).
• 3,211 crore is to be borne by the concerned implementing agencies in the states.
• Implementation Period: Over a period of 10 years from April 2021 to March 2031, in two phases of six years duration with two years overlapping.