New Delhi : The first project under the Centre's ambitious river inter-linking grand scheme - Ken-Betwa river linking project -- is understood to have got the approval from Niti Aayog's investment clearance committee. With the approval, the project has moved a step ahead and is likely to take off soon.
The project, which has been accorded national status, envisages an investment of Rs 18,000 crore. It is aimed at providing drinking water and irrigatin the parched Bundelkhand region straddling Uttar Pradesh and Madhya Pradesh.
The first phase of the Ken-Betwa link has already been approved by the National Board for Wildlife (NBWL), the Union Tribal Affairs Ministry and the Union Environment Ministry’s EAC. The final approval from the Environment Ministry is awaited.
The first phase of the project is expected to cost Rs 9393 crore and will get completed in nine years.
The proposed project comes under the accelerated irrigation benefit programme (AIBP), in which the Centre will contribute 60 per cent of the overall project cost.
The Union Water Resources Ministry has asked NITI Aayog to modify the funding pattern to 90:10 ratio, with the Centre financing the bulk of the project cost. The Union Finance Ministry is also yet to take the final call on this funding request.