Odisha Chief Minister Naveen Patnaik will lay the foundation stone of the much awaited Subarnerekha port in Balasore district on Wednesday, Chief Secretary A P Padhi said.
The Subarnarekha port project is being developed by Chennai-based Creative Port Private Ltd (CPPL) which will own 49 per cent stake and Tata Steel with 51 per cent stake.
"We have already handed over 692 acre of land to the port developer and remaining 150 acre of land under the ownership of some private persons and the government, will be given soon," Padhi said adding that the developers will start construction work as soon as they get 27 acre required for the approach road to the proposed port site.
Tata Steel Managing Director T V Narendran said: "We will soon start construction work for the project and the chief minister will lay foundation stone tomorrow."