File photo for representation
NEW DELHI: Prime Minister Narendra Modi led cabinet has cleared implementation of Shahpur Kandi Dam Projecton river Ravi, which has been declared a national project and approved Rs 485.38 crore as government of India’s assistance for the project for over next five years.
On completion of the project an Irrigation Potential of 5,000 ha in Punjab and 32,173 ha in J&K would be created, an official handoit said.
Funding for Central Assistance to Shahpur Kandi Dam project shall be made through NABARD under existing system for funding of 99 PMKSY-AIBP projects under LTIF, it said.
In addition to existing monitoring mechanism for projects by Central Water Commission, a committee headed by Member, Central Water Commission and consisting of concerned Chief Engineers of Punjab and J&K and other concerned officers would be constituted to oversee/monitor the implementation of project.
The advisory committee of MoWR, RD&GR on Irrigation, Flood Control and Multipurpose Projects accepted the second Revised Cost Estimate amounting to Rs 2715.70 crore (February, 2018 Price Level) in its 138th meeting held on 31.10.2018.
The project would be completed by June 2022.
J&K and Punjab government signed an MoU on September 8 for the implementation of the project, which was hanging fire for almost four decades.