NABARD sanctions Rs 368 crore to TN govt

National Bank for Agriculture and Rural Development (NABARD) has accorded sanction of Rs 368 crore to the Government of Tamil Nadu, from its Rural Infrastructure Development Fund (RIDF) for Construction of New Regulator across Southern and Northern Arm of Coleroon river at Mukombu (Upper Anicut) at Tiruchirapalli. The proposed new regulator is to replace the existing 182 year old brick masonry regulator whose few vents were collapsed and washed off during the heavy downpour in the Cauvery river catchment in August 2018. 

The new regulator is proposed at the downstream side of the existing regulator and will be constructed with latest technology including hydraulic operating systems. The project cost has been estimated for Rs. 387.60 crore of which Rs. 368 crore is provided as RIDF assistance by NABARD, said an official release.
The new regulator will benefit an ayacut of 1258460 acres in the delta districts and also will serve as a flood moderator. The project is expected to be completed by March 2020. With this sanction, NABARD has accorded a total sanction for Rs. 2171 Crore to State Government during the year 2018 -19. In addition to it, sanctions to State Government have also been accorded by NABARD from its Warehouse Infrastructure Fund (WIF) for Rs. 484 Crore for Storage infrastructure.