00:00The Trump administration unveils three major Japanese-backed investment projects
00:06worth a combined $36 billion, spanning Ohio, Texas and Georgia.
00:11The announcement marks the first wave of funding under Japan's $550 billion pledge
00:17to the U.S. as part of a recent trade deal.
00:22The largest development will rise in Portsmouth, Ohio,
00:26with a $33 billion natural gas power plant.
00:30Set to become the world's largest gas-fired facility.
00:33In Texas, Japanese investors will support the $2.1 billion Texas Gulf Link Deepwater Crude Oil Export Terminal.
00:41Meanwhile, in Georgia, a $600 million synthetic industrial diamond plant will be established.
00:47Officials say the project will reduce reliance on Chinese imports
00:51while strengthening advanced manufacturing and semiconductor production.
00:55They said investments will be financed using existing foreign currency reserves
00:59and will not disrupt foreign exchange markets.
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