Chennai, Feb 11 (UNI) Tamil Nadu Chief Minister M Karunanidhi will lay the foundation stone for the Hoganekkal Water Supply and Fluorosis Mitigation project on February 26, Japanese assistance for which was finalised by Local Administration Minister M K Stalin during his visit to the land of the rising sun.
Talking to newspersons here today on his arrival at the airport after a week-long official visit to Japan, Mr Stalin said the Japan Bank for International Cooperation (JBIC) had agreed to provide 85 per cent of the project cost as loan.
The JBIC would provide Rs 1,141 crore as loan at an interest of 1.25 per cent for the Rs 1,334 crore project aimed at providing safe drinking water to the fluoride-affected rural habitations and urban towns in Dharmapuri and Krishnagiri districts.
He said the Chief Minister would lay the foundation stone for the project, a long-standing demand of the people of the two districts, at a function to be held in Dharmapuri on February 26.
The project would cover three municipalities, 16 town panchayats, 1785 village panchayats, benefitting a total of 30 lakh people in the two districts, he added.
Mr Stalin said the JBIC also approved financial assistance for the Tamil Nadu Urban Infrastructure Project for implementing the Trichy Water Supply Augmentation Project and underground sewerage schemes in six municipalities.
The Japananese financial institution would provide Rs 300 crore as assistance for the Rs 344 crore project. An agreement to this effect would be signed during a meeting at New Delhi next month.
Mr Stalin said he also held discussions with Japanese financial institutions, seeking assistance for taking up underground sewerage projects in Chidambaram, Pattukkottai, Bernampet, Ambur and Rameswaram Municipalities.
He said he also discussed with the officials about the 46.5 km long Metro Rail Project to be implemented by the State Government at a cost of Rs 9,700 crore to ease the traffic congestion in Chennai city.
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