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Rs 3410 cr Japanese loan for TN power transmission

Updated: Jun 21, 2013 01:48:51pm
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Chennai, June 21 (KNN) A  power transmission project with a Japanese soft loan of Rs 3410 crore will be implemented in Tamil Nadu this year, Chief Minister J Jayyalalitha has said.    

The new project to improve the power transmission in the state will be  implemented with the financial assistance of Japan International Co-operation Agency (JICA).

In a meeting with the JICA officials earlier this week, she also asked for a line of credit to for viability gap funding and credit to private parties in infrastructure projects.

 "This year, a new Tamil Nadu Transmission System Improvement Project with a JICA loan of Rs 3,410 crore is to be implemented," the Chief Minister said. 

Furthermore, she told the delegation that the project will greatly help strengthen the power transmission network in the state as 6,000 MW of fresh power generation capacity is expected to be commissioned within next one or two years.
 

JICA's assistance to current projects in the state includes the funding theTamil Nadu Urban Infrastructure Project being implemented at a total cost of Rs 345 crore, the Tamil Nadu Bio Diversity Conservation and Greening Project at a total cost of Rs 700 crore; and the Chennai Metro Rail Project.

She also showed her interest to seek JICA partnership with the state and funding the future projects like the Chennai Waterways Restoration Project, components of the State Highways Development Project, upgrading Urban Infrastructure in Extended Areas of Chennai, and the Madurai-Thoothukudi Industrial Corridor.

Jayalalithaa requested JICA to assist the Project Preparation Fund of the Tamil Nadu Infrastructure Development Board so as to help project development of bankable public-private-partnership (PPP) projects. (KNN)

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