The Centre has given its approval for the Polavaram project's cost.

The state government has agreed to clear the entire cost of completion of the first phase of the Polavaram project . The decision was made by the high-level committee headed by Pankaj Kumar of the Jal Sakthi ministry in New Delhi .

AMARAVATI (Amarvadit): According to the union jal shakti ministry, the state government has agreed to clear the entire cost of completion of the first phase of the Polavaram project.The ministry has also agreed to reimburse the ministry for taking the necessary maintenance and other improvements suggested by the expert group.Given the finance ministries' pending approval for the updated cost estimates (RCE), the Jal Shakti ministry decided to expedite the project by clearing the remaining bills.The decision was made by the high-level committee headed by Pankaj Kumar of the Jal Sakthi ministry in New Delhi on Wednesday.

According to reports, the ministry announced that it had given Rs 9,000 crore to finance the completion of the first phase of the project at a height of 41 meters.The project was designed with 45 meters in height.Because the project would be completed in a phased way due to the safety of the dam, Centre also decided to clear the project costs in a phased manner.Without waiting for the finance ministry's final approval, the Jal Shakti ministry had decided to give green light to the revised cost for the first phase.

Officials said that if the ministry had cleared the RCE, it was becoming increasingly difficult to get the bills reimbursed.The Jal Shakti ministry needed to assess the situation and contact the finance ministry to obtain the required clearance.However, Jal Shakti ministry recently conducted a survey on the need of funds to complete the project, which was up to 41 meters high, by PPA and taskforce.According to the committees, it will take at least Rs 9,000 crore to finish the proposed projects and deliver the Rehabilitation and Resettlement (R&R) package to the oustees.

According to sources, at least Rs 2,000-Rs 3,000 crore will be needed to carry out the construction activities that were required following the massive floods that occurred at the project site during the 2019-20 monsoon seasons.