Ministry of Water Resources, Bihar and Jharkhand governments today signed a Memorandum of Understanding,MoU for completion of remaining work of North Koel reservoir project at an estimated cost of over 1622 crore rupees. <br/><br/>A supplementary Memorandum of Agreement was also signed between the Ministry , National Water Development Agency, NABARD with State Governments of Bihar and Jharkhand for funding of the state share. An official release said, the construction of North Koel project was started in 1972 but was later halted in 1993. <br/><br/>The project situated on North Koel river, a tributary of Sone river will provide irrigation to over 1.11 lakh hectare of land annually in the most backward and drought prone areas of Palamu and Garhwa districts in Jharkhand and Aurangabad and Gaya districts in Bihar.The project is scheduled to be completed in 30 months from the start of the project.