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Odisha signs Rs 1,000 cr pact for Gopalpur desalination plant

Bhubaneswar, Nov 13 (UNI) The Odisha Government has signed an agreement with the International Finance Corporation (IFC) for a Rs 1,000-crore desalination project at Gopalpur, the State's first public-private partnership (PPP) venture of its kind.
The tripartite agreement was signed by the Odisha Industrial Infrastructure Development Corporation (IDCO), IFC and the State PPP Cell at the 66th meeting of the Empowered Committee on Infrastructure for PPP Projects, chaired by Chief Secretary Anu Garg at the State Secretariat on Thursday.
The project is part of Odisha's collaboration with IFC to develop a pipeline of viable PPP ventures across sectors, including urban affordable housing and industrial infrastructure, with an emphasis on projects having significant social impact.
The committee granted in-principle approval to 11 projects involving an estimated investment of Rs 15,498 crore under the IFC collaboration. It also approved five new projects worth Rs 831.68 crore.
The meeting reviewed the progress of 28 ongoing PPP projects involving a combined investment of Rs 28,764.28 crore.
Garg stressed the need to develop viable PPP projects across diverse sectors to attract investment and accelerate infrastructure development.
IFC Manager (PPP Transaction Advisory Services, South Asia) Kamal Dorabawila said the organisation was keen to position Odisha as a strategic hub for globally competitive investment opportunities.
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