Second Dam Rehabilitation and Improvement Project - Additional Financing (DRIP-2 AF)

The development objective of Second Dam Rehabilitation and Improvement Project is to increase the safety of selected dams in participating States and to strengthen dam safety management in India. This project has five components. 1) The first component, Rehabilitation and Management Planning for Dams and Associated Appurtenances, aims to reduce the likelihood and consequences of dam failure by improving dam safety planning, management and rehabilitation in selected dams through management, monitoring, and structural interventions. 2) The second component, Dam Safety Institutional Strengthening, aims to strengthen the capacities and institutional framework for dam owners, operators, agencies that have oversight of dam safety, and policy makers to identify and address dam safety risks. 3) The third component, Risk-informed Asset Management and Innovative Financing for Sustainable Operation and Maintenance of Dams, aims to increase the financing available for periodic dam safety needs and regular Operation and Maintenance (O&M) by improving asset management and dam risk assessment. 4) The fourth component, Project Management, aims to ensure effective implementation of project activities and monitoring and evaluation of project implementation progress, outputs and outcomes. 5) The fifth component, Contingent Emergency Response Component, allows provision of immediate response to an Eligible Crisis or Emergency, as needed.