Cauvery project's cost jumps by Rs 442 cr - Bangalore - City - The Times of India
BANGALORE: The cost of the proposed Cauvery Water Supply Scheme's (CWSS) Stage IV (Phase-II), being taken up with financial assistance from Japan Bank for International Co-operation, has shot up by Rs 442 crore!
The project was initially estimated to cost Rs 2,942 crore. The figure has now risen to Rs 3,384 crore. The state cabinet, which met on Thursday, approved the revised cost.
Home minister V S Acharya said the cabinet has given its commitment for the escalation sought in the detailed project report. The government had accorded administrative approval to the scheme on June 8, 2005, and the project was slated to be completed by 2009-2010. "But it did not take off due to various reasons and its completion will be further delayed," an official said.