The state government's decision in this regard was taken at a high level meeting presided over by Chief Secretary J K Mohapatra and attended by representatives of the central government, World Bank and ADB.
It was proposed to source funding from the World Bank for housing purpose in coastal belt and from ADB for cyclone proof power infrastructure, they said.
While the state government proposed to seek an estimated Rs 800 crore from the World Bank for building pucca houses along the coast, ADB would be requested to assist with Rs 750 crore for setting up cyclone-proof power infrastructure.
The Central government would be requested to fund construction of embankments, slum development and plantation activities under its existing programmes, the sources said.
IIT , Kharagpur after detailed vulnerable mapping of the state's 480 km coast line had identified 512 locations for construction of cyclone shelters out of which 340 have already been completed. There is immediate need for construction of 100 more shelters along the coast line which is estimated to cost around Rs 250 crore including approach roads.
Since Odisha is highly vulnerable to tropical cyclones, storm, surges and floods, the power infrastructure needs to be made cyclone proof by replacing overhead transmission distribution by underground cables in vulnerable areas which may cost around Rs 750 crore, they said.