Following is an excerpt from a report in Business Standard.

The Industrial Infrastructure Development Corporation of Orissa (Idco) has handed over 972 acres of land to the Orissa Tourism Development Corporation (OTDC) for the Rs 3,500-crore Shamuka tourism project.

This was the land acquisition for the big-ticket project, to be set up over 3,000 acres near Sipasarubali, about 10 km south of Puri district.

… Till now, 11 professional consultancies have applied for the job. After the study report is prepared, the mode of implementation of the project will be decided. The options to implement the project are either through PPP (public-private participation) or joint venture, or forming a special purpose vehicle, sources said.

… The model plan for the project is ready. It has been prepared by the Centre for Environmental Planning and Technology.

The state government had lined up an investment of Rs 120 crore for developing external infrastructure facilities like water supply, electricity and roads for the project.