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National Cyclone Risk Mitigation Project Phase-I Andhra Pradesh and Odisha

Revised cost estimates for National Cyclone Risk Mitigation Project Phase-I in the States of Andhra Pradesh and Odisha The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for revised cost estimates for Phase-I of the Centrally Sponsored Scheme of National Cyclone Risk Mitigation Project for Andhra Pradesh and Odisha. The original cost has been enhanced by Rs. 835 crore to Rs 2331.71 crore from Rs. 1496.71 crore. This will address the vulnerability of coastal communities to cyclone. This section of the population is generally poor and from the weaker sections of society. The Central Government will provide financial assistance equivalent to Rs.1843.94 crore through a World Bank loan. The remaining amount of Rs. 487.77 crore will be contributed by t...
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