Financial Daily from THE HINDU group of publications
Sunday, Jan 16, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Water


Govt to launch pilot project for water bodies soon

Our Bureau

New Delhi , Jan. 15

THE pilot trials for the Government's ambitious project for repair, renovation and restoration of all water bodies are likely to start soon following Cabinet approval next week. If the pilot project is successful, the Government will seek funding from various multilateral agencies, including the World Bank.

"The Cabinet should be able to clear the project next week and a pilot project will be launched either this month or early next month," the Finance Minister, Mr P. Chidambaram, said at a conference on water management here. Once the pilot project is run, he said, "We will be able to get multilateral funds."

The Government would be spending about Rs 100 crore initially to run the pilot project in 15 districts over the next two months, according to the Water Resources Secretary, Mr V. K. Duggal. Based on the performance of the pilot project, "we would approach the World Bank for additional funding."

Meanwhile, the World Bank Country Director, Mr Michael Carter, said the bank had assured to provide about $1 billion annually to India for water projects over the next four years. "We will be very happy to look at that (the proposed water project). Even if we give a large amount, it is still short of requirement," he said, adding the bank is willing to fund hydro-electric, irrigation and other "last-mile" water projects where returns are high.

The Water Resources Minister, Mr Priya Ranjan Dasmunsi, said after the tsunami, the demand for building sea walls had come up in vulnerable coastal areas.

"According to initial estimates, about Rs 50-60 crore would be required to restore drinking water infrastructure in Tsunami-hit areas," Mr Duggal later told reporters.

The Government aims to complete 83 Accelerated Irrigation Benefit projects in the Tenth Plan period — 37 this year, 29 next year and 17 in 2007, said Mr Chidambaram. The progress till 2002-03 had been very slow and only 32 projects were completed in the last five years, he added.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
EU trade chief pledges `sparing' approach to anti-dumping issues


Engineering exporters urged to recognise new challenges
Govt looking at establishing rail connectivity with Asean nations
India, Japan discuss steps to improve economic tie-ups
Govt pursuing forex reserves for infrastructure
Haldia Petro in talks with PSU oil co to sell motor spirit
No change in petrol, diesel prices now
Chairman for power tribunal to be chosen in 2 weeks
Dabhol solution `in sight'
Indirect tax collections up 12.23% in April-Dec
Garment industry plea on higher interest subsidy
Govt to launch pilot project for water bodies soon
Two-wheeler sales cross 6 m units in 2004
Leather industry seeks duty exemption
`India must stop harping on US-Pak ties'
Aiyar seeks foreign investments
Contributions to The Hindu Relief Fund


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line