Chief Secretary AP Padhi on Thursday reviewed the progress of the railway station multimodal hub project of the Smart City Bhubaneswar at the State Secretariat here and advised to form project specific Special Purpose Vehicle (SPV) for making the project self-sustaining.
Development Commissioner R Balakrishnan advised to design the project very artistically as an iconic building with the touch of Odishan art and culture.
Presenting the project, the Bhubaneswar Development Authority (BDA) Vice -Chairman Krishan Kumar mentioned that it is the capital’s first smart public building and transit oriented development plan.
The major components of the project include efficient parking place and circulation space, multi-level car parking, business plaza, iconic tower with retail office, hotel, convention hall, residential space, renovated Ashoka Market, city bus terminal, night shelter for homeless, street vendor rehabilitation facilities and public amenities, said Kumar.
Redevelopment of Bhubaneswar Railway Station is another important sister scheme of this project. The project would be developed in two phases.
It was decided to start the ground level activities for the 1st phase after formation of the project specific SPV. The first phase of the project would involve investment of around `250 crore. The BDA would implement the project with the support of the State Government.