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Odisha Urban Infrastructure Development Fund to spendRs 588 crore

BHUBANESWAR: ONT Bureaue(6/1/17) The Board of Trustees of the Odisha Urban Infrastructure Development Fund (OUIDF) on Thursday accorded in principle approval to five projects worth Rs 588.88 crore for different Urban Local Bodies (ULBs).
The projects approved by the OUIDF Trust included rehabilitation of slum dwellers under housing for all at Subudhipur, Satyanagar and Gadakana of Bhubaneswar Municipal Corporation (BMC) at an estimated cost of Rs 23.33 crore, Rs 66.48 crore and Rs 94.92 crore respectively, solid waste management project in Berhampur Municipal Corporation with an investment of Rs 94.92 crore and sewerage development system at Sambalpur with an estimated cost of Rs 309.33 crore. These projects were recommended by the technical committee.
Of 19 projects approved so far, the OUIDF Board of Trustees headed by Chief Secretary AP Padhi reviewed the projects under implementation at a high-level meeting here. The OUIDF has so far received financial assistance of Rs 411 crore from KFW Bank of Germany in the form of a line of credit and technical assistance support to develop and finance urban infrastructure projects having environmental implications. Besides, the State Government has sanctioned Rs 20 crore.
“The first phase projects approved by the Trust has been given required financial support from the external assistance from KFW. The Chief Secretary on Thursday directed to scale the credit rating of the ULBs concerned,” Chief Executive of OUIDF Sishir Kumar Ratho told reporters after the meeting. Better credit rating will help the ULBs plan their own projects and opt for finance from different funding agencies, he added.
The meeting reviewed the progress of projects under implementation. Some of the projects are water supply to Berhampur town, reclamation of 14 water bodies in Bhubaneswar and three in Berhampur, solid waste processing project in Cuttack and Bhubaneswar, establishment of 56 vending zones in Cuttack and energy efficient street lighting in five ULBs.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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