News Column

Japan : JAPANESE agency might expand funding

May 5, 2014

The Japan International Cooperation Agency might extend loans to airport, thermal and road power projects being developed by government agencies. JICA funds work out to be lesser than loans granted by financial institutions and domestic banks.

JICA s chief representative in India, Shinya Ejima, said, "We are interested in expanding the list of areas where our financing is currently available (in India). If India includes specific projects in these areas among those that could receive ODA, we would be keen to finance them."

JICA funded and gave consultancy for numerous power, road, and airport projects in the Philippines, Indonesia, Thailand and Kenya.

Ejima said that funding will not be made available to public-private partnership projects, but just for PSU/government projects.

He said, "JICA is also willing to fund and advise the government in modernising airports in smaller cities."

The Japanese agency is looking at a yearly overseas development assistance outlay of US $3.5 billion for India in the current fiscal.

It has focused mainly on funding urban mass transit systems, sanitation, railway, drinking water, forest conservation and poverty alleviation, education and healthcare projects in India, with its exposure to other infrastructure being limited.

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Source: TendersInfo (India)

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