The Union Cabinet on Wednesday approved the funding and implementation of Ken-Betwa inter-linking of rivers project with a total cost of Rs 44,605 crore. The project has a deadline of eight years.
A proposal of this effect was approved in the meeting of the Cabinet chaired by Prime Minister Narendra Modi.
According to an official statement issued after the Cabinet meeting, a Special Purpose Vehicle (SPV) called Ken-Betwa Link Project Authority (KBLPA) will be set up to implement the project.
“The total cost of Ken-Betwa link project has been assessed at Rs.44,605 crore at 2020-21 price levels. The Union Cabinet has approved central support of Rs 39,317 crore for the project, covering grant of Rs 36,290 crore and loan of Rs 3,027 crore,” the statement said.
