Submitting a report detailing the plan of action for rehabilitation of the environment, the central empowered committee (CEC) said, "The project period is planned to be 30 years and the current financial year (2012-13) has been taken as the preparatory year. "Financial year 2013-14 has been taken as the first year of the project and financial year 2043-44 would be the last year. The proposed cost is about Rs 30,000 crore.
The CEC report, submitted through amicus curiae and advocate A D N Rao, added, "During the first five years of the project, an amount of about Rs 9,347 crore is expected to be available for transfer to the special purpose vehicle (SPV). The SPV will be constituted under the chairmanship of the Karnataka chief secretary to implement the environment management plans.
"Even on a conservative basis, the total amount expected to be available exceeds the planned project cost of Rs 30,000 crore by about Rs 2,847 crore," said the CEC. Under the 'polluter pays' principle, it proposed recovering the entire amount from the lease-holders.
The CEC has submitted a lease-wise plan prepared by member-secretary M K Jiwrajika for reclamation and rehabilitation of areas found under illegal mining and also a supplementary environment management plan (SEMP).
On the funding for the plan, the CEC said it would come from 10% sale proceeds of existing stock of category 'A' mining leases (least illegal), 15% sale proceeds of stocks of category 'B' mine leases (rampant illegal mining), 10% sale proceeds of iron ore produced by 'A' & 'B' category mines after they resume production and compensation receivable from 'B' category mines.
Seeking SC's approval, the CEC said it would "provide for mitigating measures in the mining impact zone, ameliorative measures for socio-economic development, infrastructure development, forest and wildlife conservation, health, education and other measures to ensure inclusive growth of the project area and an effective evaluation mechanism".
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