While the centrally funded JNNURM program will take care of most of the sewerage system in Bhubaneswar, the same for Cuttack needs to be done through other resources. Following are excerpts from a report in Pioneer elaborating on where the money for Cuttack will come from.

The State Government will invest Rs 945.17 crore for the restoration of drainage and improvement of sewerage system in the twin cities of Cuttack and Bhubaneswar.

Talking to reporters, Urban Development Minister KV Singh Deo said Rs 757.44 crore would be invested for the improvement of the sewerage system and renovation of drainage in Cuttack City alone.

Out of this, Japan’s JBIC Bank will give a loan assistance of Rs 624.65 crore and the rest money amounting to Rs 132.79 crore would be given by the State Government.

The loan amount would be repaid in 40 years time at a rate of 0.75 percentage. The moratorium period would be of 10 years.

The project will be implemented between 2007 and 2012. To this effect, the Government of India and Japan had signed a MoU on March 3, 2007. “The money would be released soon,” said Singh Deo.

He further said that draft request for the proposal for project management consultancy service has been prepared and furnished to JBIC and compliance to the comments of the JBIC is under process.

Under the plan, 231 km under ground pipeline will be laid and 10 pump stations will be installed.