Odisha Chief Minister Naveen Patnaik Wednesday laid foundation stone of a number of projects in Balasore district including a Rs 5,000 crore new port.
Patnaik also inaugurated 33 projects in the district constructed at the cost of Rs 311.14 crore which include an road over bridge at Tamulia in Balasore town.
Assembly elections in Odisha are due along with the Lok Sabha polls.
"I am delighted to lay the foundation stone for the proposed Subarnarekha port today," Patnaik said while addressing a regional Youth Conclave of Biju Yuva Bahini here at the police line field.
The all weather commercial Subarnarekha Port is being developed jointly by Tata Steel having 51 per cent share and Chennai based Creative Port Private Ltd (CPPL) with 49 per cent share, is scheduled to be commissioned within 36 months period.
Patnaik also laid foundation stone of a number of projects which include - a bridge over river Subarnarekha at Pantei to be built at the cost Rs 189.97 crore, a road over bridge on Jaleswar and Laxmanath road at the cost Rs 40.04 crore, a fishing jetty at Balaramgudi in Chandipur at Rs 49.94 crore.
Balasore MP Rabindra Jena said "This port will create direct and indirect employments for at least 12,000 people."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app