Published On:June 28 2014
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Idco sets ball rolling for Posco project survey.
The land acquisition arm of the state government, Odisha Industrial Infrastructure Development Corporation (Idco) has invited expression of interest (EoI) to conduct socio-economic survey for rehabilitation of displaced families affected by the Posco project.
Idco has acquired 2,772.05 acres of land to facilitate establishment of an eight million tonne per annum (mtpa) steel mill by Posco India in the first phase. This includes 2,193.52 acres de-reserved forest land and 578.53 acres government land.
The South Korean steel major had proposed to set up a 12 mtpa steel project that needed 4,004 acres. But it had later redesigned the project following prolonged agitation by locals protesting land acquisition and sought 2,700 acres of land in the first phase to start construction of a 8 mpta steel plant.