India signs Rs 1,855 cr loan agreement with World Bank for dam infra

05 Aug 2021 CW Team

The government representatives and the Central Water Commission (CWC), including ten participating states, are also part of the loan pact.

The Rs 1,855 crore loan is for the long-term safety of the dam programme and enhancing the performance and safety of existing dams over several states in India.

According to the media reports, the Second Dam Rehabilitation and Improvement Project (DRIP-2) would strengthen the safety of the dam by building security guidelines, introducing global experience, and innovative technologies.

Under this project, another huge innovation envisioned is likely to modify damn safety management, launching a risk-based strategy to dam asset management.

It would effectively benefit from allocating financial resources towards the priority of dam safety requirements. The project would include almost 120 dams over Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Tamil Nadu, and at the national level via the CWC.

During the execution, the addition of other states or agencies could take place in the project. The Ministry of Finance, the Department of Economic Affairs, and the Additional Secretary signed the loan agreement on behalf of the central government.

The World Bank assistance for dam safety in India comprises the recently finished DRIP-1. This project improved the security and sustainable production of 223 dams over six states and one central agency.

DRIP-2 would support integrated reservoir services and flood forecasting systems. It would add to build climate resilience, implementation, and preparation of emergency operation plans to allow vulnerable downstream communities to be ready and improve resilience against the expected negative risks and impacts of climate change.

It would also offer the piloting of supplemental income generation schemes like floating solar panels.

Image Source

The government of India announced that it signed nearly a Rs 1,855 crore loan agreement with the World Bank, and the funds would be utilised to construct the current dam infrastructure safe in the country. The government representatives and the Central Water Commission (CWC), including ten participating states, are also part of the loan pact. The Rs 1,855 crore loan is for the long-term safety of the dam programme and enhancing the performance and safety of existing dams over several states in India. According to the media reports, the Second Dam Rehabilitation and Improvement Project (DRIP-2) would strengthen the safety of the dam by building security guidelines, introducing global experience, and innovative technologies. Under this project, another huge innovation envisioned is likely to modify damn safety management, launching a risk-based strategy to dam asset management. It would effectively benefit from allocating financial resources towards the priority of dam safety requirements. The project would include almost 120 dams over Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Tamil Nadu, and at the national level via the CWC. During the execution, the addition of other states or agencies could take place in the project. The Ministry of Finance, the Department of Economic Affairs, and the Additional Secretary signed the loan agreement on behalf of the central government. The World Bank assistance for dam safety in India comprises the recently finished DRIP-1. This project improved the security and sustainable production of 223 dams over six states and one central agency. DRIP-2 would support integrated reservoir services and flood forecasting systems. It would add to build climate resilience, implementation, and preparation of emergency operation plans to allow vulnerable downstream communities to be ready and improve resilience against the expected negative risks and impacts of climate change. It would also offer the piloting of supplemental income generation schemes like floating solar panels. Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..