 Finally, in 1882, the construction of the dam was approved and Major John Pennycuick, M.E., placed in charge to prepare a revised project and estimate which was approved in 1884 by his superiors.On 29 October 1886, a lease indenture for 999 years was made between the Maharaja of Travancore, Visakham Thirunal Rama Varma and the British Secretary of State for India for Periyar Irrigation Works.The lease agreement was signed by Dewan of Travancore V Ram Iyengar and State Secretary of Madras State J C Hannington.