STOCK MARKET BSE NSE

Golebazar market building work to begin in April

The century-old Golebazar market, the oldest organised daily market of the city, will soon get a makeover.

Published: 25th February 2017 02:03 AM  |   Last Updated: 25th February 2017 05:55 AM   |  A+A-

Blueprint of Golebazar market building

By Express News Service

SAMBALPUR: The century-old Golebazar market, the oldest organised daily market of the city, will soon get a makeover. The Sambalpur Municipal Corporation (SMC) has initiated step to convert it into a multi-storied market building.


Informing this, Deputy Commissioner of SMC, Sudhansu Kumar Bhoi said design of the proposed four-storey market building has already been prepared. It will be constructed at an estimated cost of around `40 crores and Corporate Social Responsibility (CSR) fund will be utilised to execute the project, he said. The construction work will be carried out after demolishing the existing market. If everything goes as per the plan, construction will begin by the end of April this year, he informed. 


At least 180 shops besides more than 200 vegetable vendors operate in Golebazar market, spreading over an area of about 1.5 acres of land. All the traders, who are operating in the market, will be accommodated in the new market building. 


The SMC has already discussed with the traders over construction of new market building and the traders are positive about the initiative. The Municipal Corporation is planning to rehabilitate traders at a suitable location till completion of the construction work. 


The market was established in the year 1903 to cater to vegetable, fish and mutton vendors. Prior to Independence, it was called as Edward Market and the Municipal Market was designed to cater to the then small population of Sambalpur town.


While the population has grown over the years, the market has failed to expand forcing vendors to encroach upon roads to sell their goods. Lack of maintenance led to closure of mutton market while fish vendors are sitting outside as the fish market is in a dilapidated condition.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp