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Construction : Web Exclusive | February 2013 | Source : Construction Update

Odisha govt resumes land acquisition for POSCO project

In a sign of progress in the proposed $12 billion steel plant by the South Korean POSCO, the Odisha government is reportedly making attempts to buy land for the project.

Odisha government has already acquired 2,000 acre and is now in the process of acquiring another 700 acre. But locals have been opposing the move.

The state government has resumed land acquisition only after the villagers voluntarily agreed, Satya Kumar Mallick, the administrative head of Jagatsinghpur district where the POSCO site is located.

In 2005, POSCO signed a pact with the state government for the 12 million tonne-per-annum plant on 4,000 acre of land.

The project, which is touted as India's biggest single foreign direct investment, has been delayed since 2005 because of problem in land acquisition.

Environmental concerns and opposition from farmers over land acquisition are said to be the reasons for delay in the project.

POSCO hopes that the government would hand over the land soon so that it can start land preparation work for the steel plant.

It may be recalled that recently union Commerce Minister Anand Sharma expressed concern over the delay in the POSCO project and said the federal government will conduct a review.

 
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