Bhubaneswar: The Indian Railway signed an MoU with the Odisha government, here on Thursday to develop Bhubaneswar as a world class modern railway station with an invest of Rs 130 crore.

The divisional railway manager (DRM) of Khurda Road Sashikant Singh will sign the MoU with Bhubaneswar Development Authority (BDA) vice chairman Premchand Choudhury

Odisha chief minister Naveen Patnaik, union railway minister Piyush Goyal and union petroleum minister graced the MoU signing ceremony from Bhubaneswar and New Delhi through video conferencing links.

Area adjoining Bhubaneswar railway station is proposed for development as Railway Station Multimodal Hub (RSMH) Project under Smart City Mission. This project is being taken up by Odisha government through the Bhubaneswar Development Authority (BDA).

The Multi-modal Hub will have New Terminal Building for Railway station, City Bus Terminal, Public Car Park and other allied Public Utilities, A mixed use development over the land belonging to Bhubaneswar Development Authority and General Administration Department, Government of Odisha and a concourse connecting both sides of the station, across all platforms.

The new station building and the two new railway lines with platforms will be developed in an integrated manner over the land belonging to railways and Odisha government. The proposed building will have G + 5 floors of which G+2 floors will be earmarked for the use by railways. The area earmarked for Railways will be 1.74 lakh sq.ft.

The Indian Railway will invest Rs. 70 crores for construction of two additional lines with one platform, full covershed, extension of FOB and all modern passenger amenities.

The Odisha government will chip in Rs. 60 crores for construction of new station building having G+2.