Rs 581.95 billion allotted to enhance Bhubneshwar's infrastructural facilities
RAILWAYS & METRO RAIL

Rs 581.95 billion allotted to enhance Bhubneshwar's infrastructural facilities

Urban infrastructure in the state is set for a significant enhancement as Chief Minister Mohan Majhi announced a capital outlay of Rs 581.95 billion, dedicated to improving the productivity and efficiency of infrastructural facilities.

The budget also includes an allocation of Rs 10 billion for the first phase of the Bhubaneswar Metro project. The previous BJD government had earmarked a similar amount for the project in its interim budget announced in February. The entire project is estimated to cost Rs 62.56 billion.

Additionally, the government has allocated Rs 6.06 billion under the Unnati scheme, aimed at establishing more smart cities across the state, equipped with digital infrastructure. "It also aims to bolster urban resilience to climate change and other challenges, ensuring sustainable development for future generations," Majhi said in his budget speech.

The government also emphasised the completion of the pending Capital Region Ring Road Project and the state's coastal highway project. Majhi affirmed that necessary assistance will be sought from the Centre for the successful completion of these projects.

"Once these projects are complete, traffic congestion in urban centers will be reduced, and new industrial clusters will emerge, ushering in a new era of development and substantial job creation," Majhi added.

(Source: TOI)

Urban infrastructure in the state is set for a significant enhancement as Chief Minister Mohan Majhi announced a capital outlay of Rs 581.95 billion, dedicated to improving the productivity and efficiency of infrastructural facilities. The budget also includes an allocation of Rs 10 billion for the first phase of the Bhubaneswar Metro project. The previous BJD government had earmarked a similar amount for the project in its interim budget announced in February. The entire project is estimated to cost Rs 62.56 billion. Additionally, the government has allocated Rs 6.06 billion under the Unnati scheme, aimed at establishing more smart cities across the state, equipped with digital infrastructure. It also aims to bolster urban resilience to climate change and other challenges, ensuring sustainable development for future generations, Majhi said in his budget speech. The government also emphasised the completion of the pending Capital Region Ring Road Project and the state's coastal highway project. Majhi affirmed that necessary assistance will be sought from the Centre for the successful completion of these projects. Once these projects are complete, traffic congestion in urban centers will be reduced, and new industrial clusters will emerge, ushering in a new era of development and substantial job creation, Majhi added. (Source: TOI)

Next Story
Infrastructure Urban

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Next Story
Infrastructure Urban

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Next Story
Infrastructure Urban

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement