Japan has assured to extend soft loans totaling to more than Rs 4,100 crore for five projects, including the Chennai Metro project and Hyderabad Outer Ring Road project (phase II). The Japanese Government has assured almost Rs 870 crore for the Chennai Metro project, which will establish a mass rapid transport system of about 45 km in both the metro and elevated rail form. The Japanese Government has also assured about Rs 1,600 crore for the outer ring road project (Phase II) in Hyderabad which will be spread over 33 km in the north-east part of the outer ring road project. The other projects for which the Japanese Government has pledged loan comprise the Punjab biomass power plant which will see small-size power plants, which consume biomass as the fuel coming up in the state.
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