K-Water to Fund Rs 12K Cr for Water Schemes in TS

Korean Water Resources Corporation (K-Water), a government owned corporation with more than 40 years experience in managing water resources, will fund around Rs 12,000 crore for the state government’s prestigious Water Grid programme and also to augment drinking water supply in the GHMC.

The representatives of K-Water, a world renowned company of the Korean government, called on IT minister KT Rama Rao and chief secretary Rajiv Sharma at the Secretariat here on Thursday.

K-Water has evinced interest in partnering the water grid programme.

“Impressed by the design, development, execution and progress made so far in the Water Grid project, K-Water in principle has agreed to associate with the project and to take up some segments in both rural and urban areas,” the release said.

At Thursday’s meeting the officials reportedly discussed about the terms and conditions with Korean team on the latter’s participation in the Water Grid.

According to sources in the municipal administration department, K-Water will fund Rs 3,000 crore for drinking water source argumentation in the GHMC. As part of source augmentation, water will be drawn either from off-shore of Srisailam or from backwaters of Srisailam. The K-Water will also give Rs 3,500 crore for distribution of water including laying transmission lines along ORR.

Besides, the K-Water will adopt major grid that will come up as part of Water Grid programme in Mahbubnagar district. For the Water Grid programme, K-Water will fund around Rs 6,000 crore, sources said.

Source: The New Indian Express

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