- New site represents POSCO-India`s determination to promote the project
- By Lee In-gweon

POSCO-India opened a new field office near Nuagaon village on Dec. 16 to accelerate efforts to secure construction site for the Odisha project, which has been stalled since mid-May of 2011.

The office will serve as a foothold to expedite the clearing of Betelbain and forestry, as well as settle land compensation cases. POSCO-India -- led by CEO Yoon Yong-won -- is also planning to accelerate work on the relocation of locals and the construction of perimeter walls, trenches, entry roads and bridges.

The new office aims to support the economic independence of locals.

The opening of the new office, which is located 17? from the Kujang office and is within the steel mill construction site, is particularly significant in that the location was previously inaccessible due to local opposition.

The Kujang office was the former base for POSCO-India on working with the municipal IDCO regarding land clearing and compensation.

The new office was jointly opened with the IDCO to address the difficulties of staff, who had to travel long distances to reach the Kujang office.

The new location consists of nine container buildings made up of four offices, four lodging areas and a cafeteria.

The office represents POSCO-India`s determination to promote the project and to actively win cooperation from locals in Dhinkia and Gobindpur.

The company projects that the steel mill will bring economic benefits to the community.

Securing environmental approval in August 2007 and Supreme Court approval on land-use change in 2006, the central government reconfirmed its approval for POSCO-India`s steel mill construction in January of 2011.
Obtaining final approval for land-use change in May this year, POSCO-India launched efforts to clear crops and shrubs on the site, but was met with strong opposition from locals.

iglee@posco.com

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