Odisha approves 37 projects on PPP mode in three years

Odisha has approved 37 projects on the public private partnership (PPP) mode between April 2009 and March 2012.

The approved projects are in sectors like ports, real estate, food processing and tourism.

The state government has approved the establishment of a minor port at Astaranga in Puri district by Hyderabad-based Navyug Engineering Ltd. The initial port capacity is 25 million tonnes per annum (mtpa) with the project cost pegged at Rs 7417 crore.

The port capacity will be eventually scaled up to 70 mtpa.

It may be noted that the state government had entered into a Memorandum of Understanding (MoU) with the company on December 22, 2008. A concession agreement was signed on November 22, 2010 according to which the port developer will share five per cent of its gross income during the first five years, eight per cent from fifth to the 10th year, 10 per cent from 11th to 15th year and 12 per cent from the 16th year to the end of the lease period.

 

The state government has also given its nod for setting up of a captive port at Chudamani in Bhadrak district by Aditya Birla Group firm Essel Mining & Industries Ltd.

This port envisages an investment of Rs 500 crore in the first phase and it will have an operational capacity of three mtpa.

In the real estate sector, the state government has approved six integrated residential cum commercial complexes to be developed in the outskirts of the city with cost of all projects totaling to Rs 1400 crore.

Project developers include Vipul Ltd, Z Engineers Ltd, Tata Housing, Utkal Builders, Delhi-based Amrapali Ltd and Visakhapatnam-based Skyland Construction Ltd.

A mega food park project proposed at Rayagada at a cost of Rs 80.17 crore has been approved by the state government.

A special purpose vehicle has been formed between Odisha Industrial Infrastructure Development Corporation (Idco) and MITS Mega Food Park Ltd.

On the PPP mode, the four-laning of Sambalpur-Jharsuguda road, entailing a cost of Rs 1292.56 crore has been approved. Bidding process for this project would be initiated after obtaining in-principle approval from the Government of India for Viability Gap Funding (VGF).