Dam Rehabilitation and Improvement Project (DRIP)

Why in news?

• The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the Dam Rehabilitation and Improvement Project (DRIP) Phase II & Phase III.

About DRIP:

• Phase II & Phase III of DRIP will be executed with the financial assistance of the World Bank (WB), and Asian Infrastructure Investment Bank (AIIB) to improve the safety and operational performance of selected dams across the whole country, along with institutional strengthening with system wide management approach.
• The project cost is Rs 10,211 crore. 
• The Project will be implemented over a period of 10 years duration in two Phases, each of six years duration with two years overlapping from April, 2021 to March, 2031.
• The share of external funding is Rs 7,000 crore of the total project cost, and balance Rs 3,211 crore is to be borne by the concerned Implementing Agencies (IAs). The contribution of Central Government is Rs 1,024 crore as loan liability and Rs 285 crore as counter-part funding for Central Component.

DRIP objectives: -

• The Scheme envisages comprehensive rehabilitation of 736 existing dams located across the country
• 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 central level, and
• To explore the alternative incidental means at few of selected dams to generate the incidental revenue for sustainable operation and maintenance of dams

PRELIMS QUESTION

Consider the following dams and rivers on which they are located:
1.Sardar Sarovar : Sabarmati
2.Hirakud : Mahanadi
3.Maithon: Barakar
Which of the pairs given above is/are correctly matched:
(a)1 and 2 only
(b)2 and 3 only
(c)2 only
(d)1,2 and 3

Answer to prelims question