Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Wednesday said a new project to improve the power transmission in the state will be implemented with the financial assistance of Japan International Co-operation Agency (JICA).

She also requested JICA for a line of credit for viability gap funding and private parties in infrastructure projects.

In a statement issued by the government, Jayalalithaa, during her meeting with a JICA delegation led by its president Akihiko Tanaka, said, "This year, a new Tamil Nadu Transmission System Improvement Project with a JICA loan of Rs.3,410 crore rupees (607.40 billion yen) is to be implemented."

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 the next one or two years.

Jayalalithaa said JICA's assistance in the ongoing projects in Tamil Nadu includes the Tamil Nadu Urban Infrastructure Project being implemented at a total cost of Rs.345 crore (JICA line of credit is around Rs.300 crore); the Tamil Nadu Bio Diversity Conservation and Greening Project at a total cost of Rs.700 crore; and the Chennai Metro Rail Project for which JICA loan is Rs.8,646 crore.

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.

(Agencies)

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