___________

Following are excerpts from a report in the Economic Times.

A 12-member Chinese team will arrive here on July 12 on a week-long visit to inspect the railway stations at Bhubaneswar and Byppanahalli in Bangalore.

The countries had signed a Memorandum-of-Understanding (MoU) in this regard on January 14 during Prime Minister Manmohan Singh’s visit to Beijing. The agreement, valid for three years, envisages development of rail-related programmes of mutual interest.

The high-level delegation headed by Wu Wei, Director of Sino-India Railway Cooperation Working Group, will be assisted by RITES, which will provide details required for the work.

However, a senior official of the Railways Ministry said a preliminary assessment has revealed that the land available at Bhubaneswar railway station is inadequate for the project.

In that case, a nearby station at Baranga may be chosen for development into a world class station, he said, adding a final decision will be taken only after consultations with the Chinese team.
…

“After visiting these places, the team will share their views with us about the way to go ahead with the project.”

Several new trains, extensions, and frequency increases relevant to Orissa were announced in the 2008-09 Railway budget and the subsequent debate in the parliament. Details about their timings and the route they will take will appear in the Time Table that is usually published on July 1st. Few days prior to that the major changes are released. Following are three such releases. From http://eastcoastrailway.gov.in/custom/press_release/index.php.

Ministry of Railways has decided to introduce eight new trains, extension of two trains, increase in frequency of two trains, speed up of seven trains and timings change for seven trains in ECoR jurisdiction in the New Time Table being implemented from 1st July’08:

NEW TRAINS

Two daily new trains, three weekly new trains, two bi-weekly new trains and one tri-weekly trains will be introduced in ECoR jurisdiction in the new Time Table. Introduction of these trains will be notified later.

One new bi-weekly Garib Rath Super Fast Express train will be introduced between Puri and Howrah. 2882 Puri-Howrah Garib Rath Super Fast Express train will leave Puri at 10.00p.m on every Monday and Wednesday and will arrive Howrah at 07.05a.m on the next days. Similarly, in the return direction, 2881 Howrah-Puri Garib Rath Super Fast Express will leave Howrah at 08.55p.m on every Tuesday and Thursday and will arrive Puri at 05.50a.m on the following days.

One new bi-weekly Super Fast Express train will be introduced between Bhubaneswar and Lokmanya Tilak Terminus (LTT). 2880 Bhubaneswar – LTT Super Fast Express train will leave Bhubaneswar at 07.20a.m on every Monday and Thursday and will arrive LTT at 01.35p.m on the next days. Similarly, in the return direction, 2879 LTT-Bhubaneswar Super Fast Express will leave LTT at 00.15a.m on every Wednesday & Saturday (Midnight of Tuesday & Friday) and will arrive Bhubaneswar at 07.10a.m on the next days.

…

One new weekly Express train will be introduced between Puri and Darbhanga. 8419 Puri-Darbhanga Express train will leave Puri at 02.10p.m on every Thursday and will arrive Darbhanga at 11.05a.m on the next days. Similarly, in the return direction, 8420 Darbhanga-Puri Express will leave Darbhanga at 07.15a.m on every Saturday and will arrive Puri at 03.30a.m on the following days.

One new weekly Express train will be introduced between Bhagalpur and Yeshvantpur via Bhubaneswar. 2254 Bhagalpur-Yeshvantpur Super Fast Express train will leave Bhagalpur at 01.30p.m on every Wednesday and will arrive Yeshvantpur at 09.15a.m on the next 2nd days. Similarly, in the return direction, 2253 Yeshvantpur-Bhagalpur Super Fast Express will leave Yeshvantpur at 12.45p.m on every Saturday and will arrive Bhagalpur at 08.30p.m on the 2nd next day.

Another new weekly Express train will be introduced between New Dibrugarh Town and Yeshvantpur via Bhubaneswar. 5902 New Dibrugarh-Yeshvantpur Express train will leave New Dibrugarh at 06.45p.m on every Friday and will arrive Yeshvantpur at 12.10p.m on the next 2nd days. Similarly, in the return direction, 5901 Yeshvantpur-New Dibrugarh Express will leave Yeshvantpur at 11.55p.m on every Monday and will arrive New Dibrugarh at 08.00p.m on the 2nd next day.

One new daily Express train will be introduced between Puri and Keonjhargarh. 8416 Puri-Keonjhargarh Express train will leave Puri at 05.25a.m regularly and will arrive Keonjhargarh at 12.00 noon on the same day. Similarly, in the return direction, 8415 Keonjhargarh-Puri Express will leave Keonjhargarh at 01.00p.m and will arrive Puri at 08.30p.m.

Another new daily Express train will be introduced between Bhubaneswar and Paradeep. 8414 Bhubaneswar-Paradeep Express train will leave Bhubaneswar at 07.05a.m regularly and will arrive Paradeep at 09.45a.m. Similarly, in the return direction, 8413 Paradeep-Puri Express will leave Paradeep at 06.00p.m and will arrive Bhubaneswar at 09.10p.m.

EXTENSION:

Two bi-weekly express trains i.e. Nizamabad-Visakhapatnam bi-weekly and Varanasi-Ranchi bi-weekly will be extended to Sambalpur in the New Railway Time Table which will be notified later.

INCREASE IN FREQUENCY

The frequency of Bhubaneswar-Baripada-Bhubaneswar tri-weekly superfast express has been decided to increase the frequency to six days in a week from 30th June 2008. 2892 Bhubaneswar-Baripada Superfast Express will run daily w.e.f. 30th June 2008 except Saturdays from Bhubaneswar. Similarly, in the return direction, 2891 Baripada-Bhubaneswar Superfast Express will run daily w.e.f 1st July 2008 except Sundays from Baripada.

The frequency of Bhubaneswar-New Delhi-Bhubaneswar bi-weekly Rajdhani express has been decided to run as tri-weekly in the new Time Table which will notify later. 2421 Bhubaneswar-New Delhi Rajdhani Express will run on every Sunday, Wednesday and Saturday. Similarly, in the return direction, 2422New Delhi-Bhubaneswar Rajdhani Express will run on every Sunday, Monday and Friday in the new time table.

SPEED UP AND CHANGE IN TIMINGS

Seven trains have been speeded up in the new time-table including the timings of 14 trains at different stations have been changed. Bhubaneswar-Visakhapatnam Intercity Express, Bhubaneswar-Howrah Jan Shatabdi Express, Okha-Puri Express, Sambalpur-Puri Intercity Express , Raipur-Bhubaneswar Express, New Delhi-Puri Neelachal Express and Pondicherry-Bhubaneswar Express have been speeded up from 5 minutes to one hour 50 minutes from 1st July.

8411 Bhubaneswar-Visakhapatnam Intercity Express will leave Bhubaneswar at 6.45a.m instead of 5.25a.m and will arrive Visakhapatnam at 02.35p.m instead of 02.10p.m. The timings for this train at other stations have also been changed.

8412 Visakhapatnam-Bhubaneswar Intercity Express will leave Visakhapatnam at 02.55 p.m. instead of 02.35 p.m. and will arrive Bhubaneswar at 11.20 p.m. instead of 10.55 p.m.

2801 Puri-New Delhi Purusottam Express will leave Puri at 09.45p.m instead of 10.00p.m and will arrive New Delhi at 05.05a.m instead of 04.55 a.m.

2896/2888 Puri-Howrah Weekly Express trains will leave Puri at 10.00p.m instead of earlier 09.45 p.m. and will arrive Howrah at 07.05a.m instead of 06.45 a.m.

2892 Bhubaneswar-Baripada Express will leave Bhubaneswar at 05.10p.m instead of 05.30p.m and will arrive Baripada at 10.10p.m instead of 10.30 p.m.

8304 Puri-Sambalpur Intercity Express will leave Puri at 03.45p.m instead of 04.30 p.m. and will arrive Sambalpur at 10.10 p.m. instead of 10.45 p.m.

8463 Bhubaneswar-Bangalore Prashanti Express will leave Bhubaneswar at 05.45 a.m. instead of 04.15 a.m. and will arrive Bangalore at 11.30a.m instead of 10.00 a.m.

222 Puri-Angul Passenger will leave Puri at 04.00 p.m. instead of 03.30 p.m. and will arrive Angul at 09.15 p.m. instead of 08.30 p.m.

2074 Bhubaneswar-Howrah Jana Shatabdi Express will leave Bhubaneswar at 06.20 a.m. instead of 06.00 a.m. and will arrive Howrah at 12.50 p.m.

8402 Okha-Puri Express leaving Okha at 07.15 a.m. will arrive Puri at 10.50 a.m. instead of 12.40 p.m.

8303 Sambalpur-Puri Intercity Express will leave Sambalpur at 06.10 a.m. instead of 06.15 a.m. and will arrive Puri at 12.45 p.m. instead of 01.30 p.m.

8426 Raipur –Bhubaneswar Express will leave Raipur at 05.15 p.m. instead of 05.00 p.m. and will arrive Bhubaneswar at 07.35 a.m. instead of 07.45 a.m.

2816 New Delhi –Puri Neelachal Express leaving New Delhi at 06.30 a.m. will arrive Puri at 12.10 p.m. instead of 01.15 p.m.

2897 Pondicherry –Bhubaneswar Express leaving Pondicherry at 06.15 p.m. will arrive Bhubaneswar at 06.40 p.m. instead of 07.25 p.m.

The timings for many of these above trains at different stations have also been changed. Passengers are requested to enquire about the change of timings of the trains at different nearest stations to avoid inconvenience. Railway sources have also advised all concerned to dial "139" to know all details about new train services. This BSNL numbered can be dialed from any land line, GSM or CDMA connections.

From http://www.serailway.gov.in/hq/pro/default.htm.

• One pair of Bi-weekly Super Fast Garib Rath Express [2881/2882] between Howrah-Puri-Howrah
• One pair of Weekly Express [2254/2253] between Bhagalpur-Yesvantpur-Bhagalpur via Howrah and Kharagpur.
• One pair of Weekly Express [5902/5901] between New Dibrugarh Town-Yesvantpur via Howrah and Kharagpur.
• One pair of Bi-weekly Super Fast Express [2880/2879] between Bhubaneswar-LTT via Jharsuguda.
• One pair of Weekly Express [8419/8420] between Puri-Darbhanga via Kharagpur- Asansol.
• 8611/8612 Ranchi-Varanasi Express will be extended to run from Sambalpur twice a week with new number 8311/8312 as Sambalpur-Ranchi- Varanasi Express.
• 2021/2022 Howrah-Barbil Janshatabdi Express from existing six days a week to daily service with effect from 1st. July, 2008.
• 2421/2422 Bhubaneswar-New Delhi Rajdhani Express via Kharagpur and Adra from existing bi-weekly to tri-weekly.
• 2891/2892 Baripada-Bhubaneswar Express from existing tri-weekly to six days a week w.e.f. 1st. July, 2008 ex. Baripada.
• 2831/2832 Ranchi-Bhubaneswar Garib Rath Express will originate/terminate from/to Hatia instead of Ranchi with effect from 19th. August, 2008.

From the South Central railway ad:

• The biweekly Nizamabad-Visakhapatnam (8309/8310) express will be extended to Sambalpur. It will leave Sambalpur on Mondays and Fridays at 9:15 AM and reach Secunderabad at 8:20 AM and Nizamabad at 11:50 the next morning. It will leave Nizamabad at 18:35 on Tuesdays and Saturdays, leave Secunderabad at 21:45 and then reach Sambalpur at 21:30 the next day.
• Prashanthi Express timings have been changed effective July 1 to leave Bhubaneswar about 2 hours later than its original time. Earlier it used to leave Duvadda at 11:59. Now it will leave Duvadda at 13:42. It used to leave Bhubaneswar at 4:15 AM; now it will leave at 5:45 AM.

Hopefully now the work will get started.

Following is excerpted from a report in tathya.in.

The proposed corridors are:

• Corridor I is planned between Rasulgarh to Samantarapur via Central Jail Road Junction, Kalpana Square, Museum Square and Ravi Talkies Square.
• Corridor II will be covering Biju Patnaik Airport to Kalinga Hospital via AG Square, Raj Bhawan, Power House Square and Jaydev Vihar Square.
• Kalpana Square to KIIT Square will be covered by Corridor III.
• Corridor IV will begin from Head of the Building to Baramunda Bus Stand via Stewart School and CRP Square.
• Baramunda Bus Stand to Tamndo will be connected with Corridor V.
• Corridor VI will be connecting to Khandagiri to IIIT via CET.
• Corridor VII will be covering Raj Mahal-Master Canteen (Bhubaneswar Station)-Utkal University.

I hope Corridor III goes via Secretariate, Regional College, Acharya Vihar, Institute of Physics as that segment is not covered by any other corridors.

Following is an excerpt from a report in tathya.in.

Mr.Tharoor met the Chief Minister Naveen Patnaik and Biswa Bhusan Harichandan, Minister Industries to brief them over the proposed investment recently.

As the Chairman of the Afras Projects India Private Limited (APIPL), he has proposed to invest Rs.800 crore in the state.

Mr.Tharoor during the meeting with Ashok Kumar Meena, the Managing Director of IPICOL had presented the proposal to set up India’s first ever welded stainless steel and duplex pipe manufacturing facility.

APIPL is the Indian arm of the Dubai based multinational giant, Afras Ltd.

Mr.Tharoor has asked for a 125 acre patch of land in Choudwar, Dhamra or Gopalpur.

According to the proposal Afras will introduce the State of the Art technology from an established European technology provider.

This will be first down stream industry of the steel sector, which will be using the products of the Jindal Stainless Limited.

R Ravi, Chief Financial Officer (CFO) of Afras Ltd, presented the concept note on the proposed unique project.

At present the company has asked for 50 acres of land and in future to cater the need of the expansion plans, it will be requiring another 75 acres.

Following is an excerpt from a Reuters story.

“Relative to building the 10th new retail mall in a suburb of Mumbai … I’d much rather build the first distribution park in the steel industry of Orissa, where you’ve got great demand,” said Alastair King, CEO of UK-based India investor Eredene Capital, which owns a warehousing operation near Delhi.

Telegraph (kolkata) reported the following.

Laxmipur is a hamlet in the hills in the wild western part of Orissa. It was unheard of by tourists even a decade back. The launch of the 160 km-plus Koraput-Rayagada line put it on the map of those willing to go off the beaten track.

The new line branches off the Kirandul-Visakhapatnam route through the Araku Valley, covering Andhra Pradesh, Orissa and Chhattisgarh. The tracks were laid mainly for transportation of minerals mined in the region and development of tribals who populate the stretch.

The route, with numerous waterfalls and over 40 tunnels, is one of the most picturesque in the country. The 1.5-km tunnel near Tikri is the longest on broad gauge tracks in India. There are also more than 50 bridges.

At an altitude of 3,000 ft, Laxmipur is surrounded by thickly forested hills. The forest envelops even the station, which is 3 km from the village. It is deserted after evening, when wild animals often drop by.

According to the station master, a stray dog that lived in the compound was carried away by a leopard in front of his eyes. Bear, hyena, wild boar, neelgai, sambar and peacock are some of the other inhabitants of the forest.

Several streams gurgle through mango, jackfruit, mahogany, tamarind, sirish and akashmoni trees to merge with rivers like the Marbeguda, Apreboda and Godlam. There are several water bodies which are frequented by animals. Tribals constitute the only human presence.

Clouds stretching several kilometres hang over the hilltops from monsoon to winter. This has earned Laxmipur the epithet of Darjeeling of Orissa. Nights can be cold even in August-September.

Damonjodi, Kakrigumma, Tikri, Rauli, Lilligumma, Bhalamaska and Kentuguda are some of the stations near Laxmipur that are also known for their wild natural beauty.

The largest bauxite mine in India is at Damonjodi. Bhalamaska was named after bears that overrun the forest.

There are many places of tourist interest in the vicinity. Koraput, Kolaba, Gupteswar, Duduma and Chitrakoot and Tiratgarh falls are worth a visit.

Going

Howrah-Koraput Express touches Laxmipur. If you are staying at Rayagada, get off there. Cars are available on hire for the 60 km-plus journey to Laxmipur.

Staying

Rayagada and Koraput have plenty of hotels. Contact the divisional forest officers at Rayagada and Koraput for government-run accommodation. There are also a few lodges at Laxmipur, along the Rayagada-Koraput road.

NOTE: This region needs more advertisment, it has all the ingredients to be one of the best tourist distinations for nature, water fall and wild life lovers. Aditionally, the region is also popular for tribal tourism.

They are:

• 165 km long Sambalpur-Rourkela to be made 4 lanes at a cost of 1340 crores.
• 42.5 km long Koira-Lahunipada (Sundergarh district) at the cost of 217 crores.
• 18.6 km long Joda-Bamaberi at the cost of 188 crores.
• 70 km long four lane Rd bypass of Bhubaneswar and Cuttack comprising of Khuntuni- Chaarbatia- Nuapatana- Ghantikhal- Athagara- Anshupa- Dampara- Talabasta- Haldia- NH5@Kuradmal to be made at the cost of 400 crores.

Railway budget 2008-09(PDF):

• 75% of Railways goods traffic moves on about 20,000 km of the railways’ high density network, coal and iron ore routes and port connectivity railway lines.
• Coal is the mainstay of Railway’s freight traffic. Loading of coal in 2007-08 is likely to be 336 MT. Most of the new dedicated routes for coal movement will be fit for 25 ton axle load trains.
• The Railways receives 120 MT traffic from the steel industry every year.

Odisha is a major contributor to above two, coal and steel sectors, from which Indian railway makes a large share of profit and East Cost Railway is second most profit making zone of Indian railway.

However, in social responsibiltiy Railway has contributed little towards backward region development programme like for Kalhandi Balangir Koraput Kandhamal region.

• There is no new line proposed for Odisha during this budget.
• Based on demands, the following surveys are proposed to be taken up in Odisha:

Junagarh-Ambaguda
Barbil-Banspani
Kantabanji-Navrangpur-Jeypore
Khurda Road-Rajatgarh

Note:

(1) Survey has no meaning unless it is approved by railway. Junagarh – Nabarangpur was under consideration since years (from early 1990s, but no survey was under taken till now)

(2) Khordha road – Balangir was approved in 1993, but not yet started properly

(3) Lanjigarh road – Junagarh was approved in 1990 with initial estimate cost 250 crores, the project in not yet completetd by near about two decades.

(4) Bimalgarh – Talcher, on the ground no progress has been made since approval.

Following is from a PIB report.

Ministry of Tourism has taken the programme of integrated development of mega destinations and circuits further. During the first quarter of 2008-09 mega tourism projects have been sanctioned at a cost of Rs.8474.20 lakh for development of the following 3 tourist circuits in the country:

1. Bhubaneshwar-Puri-Chilka Tourist Circuit in Orissa

2. Dwarka-Nageshwar-Bet Dwarka Tourist Circuit in Gujarat

3. Heritage Tourist Circuit at Tirupati in Andhra Pradesh

The project for development of Bhubaneshwar-Puri-Chilka circuit includes development of interchange nodes, upgradation of protected/ unprotected monuments, development of parking/anchor points, upgradation of approach roads to monuments/temples, lighting of monuments/temples and creation of a multimedia museum.

The project for development of Dwarka-Nageshwar-Bet Dwarka as a mega tourist circuit includes development of beach area, development of parikarama path and lakes, repair and restoration of ghats, development of camping sites for eco tourism and development of a village haat.

The heritage circuit project at Tirupati includes construction of tourist arrival centres/tourist information centres, landscaping, street lighting, drinking water points, relaxation huts, public conveniences and children park with all amusement facilities.

These projects are expected to greatly enhance visitors’ experience in all the mega destinations.

Economic times report the following.

Ganjam district of Orissa ranking second in the country in implementation of the National Rural Employment Guarantee Scheme (NREGS), officials and local representatives from Chhattisgarh are on a visit to the district to learn mantras of perfect administration.

Pragativadi reported that land acquisition for Talcher Bimalagarh railway line is delaying the project.

NDTV reported the following.

"Orissa topped the chart claiming almost 30 per cent of the total investments announced during the last quarter of 2007-08 totaling to Rs 3,25,285 crore," a study named ‘Statewise Investment’ said. India Inc lined up investment plans of about Rs 92,035 crore in Orissa during Jan-Mar 2008, with Rs 45,000 crore flowing to steel sector alone, it added. According to the study, Orissa is followed by West Bengal and Andhra Pradesh with the capital expenditure of about Rs 67,361 crore and Rs 58,226 crore respectively. The mineral rich states are attracting huge investments in sectors such as oil and gas, steel and power, Assocham President Sajjan Jindal said in a statement in New Delhi.

Following is an excerpt from a report in Statesman.

National aluminium company limited (Nalco), which was recently conferred with the prestigious Navratna status, has drawn ambitious growth plans involving massive investment of around Rs 40,000 crore in next five years.

… Sources said the second phase expansion is under implementation at an investment of Rs 4092 crore, which is scheduled to be completed by 2008 end. Even the plans are afoot for the third phase of expansion, which is likely to entail expenditure to the tune of Rs 6000 crore. Under this expansion,

• the bauxite mining capacity shall be enhanced to around 90 lakh tons,
  
• alumina refining to 30 lakh tons,
  
• aluminium smelting to 6.3 lakh tons and
  
• power generation to 1,700 MW per annum, sources said.

Among the green field projects,

• a mines and refinery complex is being planned in Andhra Pradesh. The project will involve an investment of Rs 7000 crore.
• Similarly, in Orissa, a smelter and power complex has been planned in Ib valley in Jharsuguda district at an investment of Rs 8,500 crore. This project envisages a smelter of five lakh tons capacity and a coal-based power plant of 1260 MW capacity. Pre-feasibility report has been finalised by EIL. Nalco has submitted an application for allotment of water resources to state government last month.

The new projects abroad included

• the proposed five-lakh ton smelter and a 1250 mw captive power plant in Indonesia.
• Besides, Nalco is exploring the possibilities of setting up a smelter and power plant in South Africa at an investment of around Rs 16,000 crore.

Also the company plans to set up

• an aluminium park in Angul, as a joint venture with IDCO.
  

• Similarly, it has entered into an agreement with Bharat Earth Movers Limited for the production of aluminium rail wagons. (Where ?)
  
• This apart, cement plant being another new venture for the flagship PSU, expression of interest has been invited from competent parties to set up a cement plant based on fly ash of Nalco’s power plant at Angul

Following is a an excerpt from a report in Steelguru.

Exim News Service reported that three port projects at Inchudi, Bahabalpur and Chandipur in north Orissa are awaiting a green signal from the union defense ministry.

Mr Jayanarayana Mishra transport & commerce minister of Orissa said that the state government is scouting for ways to avoid the restricted areas while going ahead with the port projects. He added that the state government would study the recommendations made by IIT, Chennai, on how to avoid restricted sites and develop the ports at places earlier identified by it.

Following is excerpted from a report in tathya.in.

• Bhusan Steels Limited’s (BSL) 6 million ton per annum (mtpa) project, which will entail investment worth more than Rs.15, 000 crore. BSL is setting up a 3.10 mtpa steel project at Meramundali in Dhenkanal district. The company wanted to expand its capacity to 9 mtpa, but HLCA allowed a 6 million ton capacity expansion. Bhusan Energy Ltd for 2000 mw thermal power plant at one go with an investment of Rs.8483 crore.
• Essar Steel Orissa Limited (ESOL)’s 6 million ton steel complex at Paradeep and 8 million ton iron ore beneficiation plant at Joda will entail an investment of Rs.10, 724 crore
• Welspun Power and Steel Ltd‘s proposal for setting up a 5 million tonne per annum iron ore beneficiation plant and 3 million tonne per annum pelletisation plant at Dhamra was also cleared.
  While the company had received approval for setting up of a 3 million tonne per annum (MTPA) steel plant at Tangi at an investment of Rs 6103.80 crore earlier, it proposed to set up a iron ore benificiation and 3 MTPA palletisation plant at Dhamra.
• SMC Power Generation Limited (SMCPGL) to expand capacity from 0.5mtpa to 1mtpa with an investment of Rs. 1366.18 crore was cleared.
• Increasing the capacity of MSP Metaliks from 0.26 mtpa to 1 mtpa with an investment of Rs.1205.80 crore received clearance from HLCA.
• 1000 mw thermal power plant by Monnet Ispat and Energy Limited (MIEL) entailing an investment of Rs.4107.04 crore.
• Jindal Photo Limited (JPL)’s proposal to set up 1000 mw in Angul district with an investment of Rs.4525 crore.
• Visa Power Limited (VPL) proposal for a 1000 mw power plant with an investment of Rs.3698 crore at one go.

Following is an excerpt from a report in Telegraph.

The Centre had accorded provisional approval to five, proposed petroleum, chemical and petrochemical investment regions including the one being planned in Orissa and had asked if the state government would be investing in the project infrastructure.

The authority consented to invest Rs 2,700 crore on the infrastructure development, while the Centre and central public sector undertakings, including the Indian Oil Corporation, have already agreed to spend Rs 5,800 crore on this score.

In all, Rs 15,273 crore would be spent on the infrastructure development at the project site and on the periphery, official sources said.

According to the vision plan, the proposed region would be developed in an area spread over 250sqkm without any displacement. The areas concerned would be developed into modern “city villages”. The annual project turnover has been estimated at Rs 423,500 crore.

There would be a value addition of the petroleum-related products to the tune of Rs 43,000 crore and an equal amount in shape of export earnings. The total tax income has been estimated at Rs 42,000 crore, of which Rs 32,100 crore is expected to go to the state exchequer.

Following is an excerpt from a report in Telegraph.

Another proposal submitted by Apeejay Shipping, the country’s largest privately-owned shipping company, and Bharati Shipyard Limited, one of the leading private shipyards, to set up a project in Orissa at an estimated cost of Rs 2,200 crore was also cleared by the authority today. If and when the project materialises, it would be the first ship building and repair project in the private sector in eastern region.

Apeejay Shipping has a fleet of modern dry bulk carriers operating worldwide. An ISO 9001:2000 company, Apeejay Shipping is a part of the diversified conglomerate, Apeejay Surrendra Group, established in 1910.

The project is proposed to be set up in an area spread over 1,050 acres near the upcoming all-weather port at Dhamra in Bhadrak district at an estimated cost of Rs 2,200 crore. The project would be implemented in three phases and completed by 2013, the sources said.

The greenfield project is expected to create an opportunity for direct employment to 11,300 persons and indirect employment to 40,000 persons.