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Greater Male Connectivity Project
August 29 , 2021
1229 days
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- Maldives government has officially signed an agreement with Mumbai-based company AFCONS, for the construction of the Greater Male Connectivity Project (GMCP).
- This infrastructure project is the largest-ever by India in the Maldives.
- It involves the construction of a 6.74-km-long bridge and causeway link that will connect the Maldives capital Malé with the neighbouring islands of Villingli, Gulhifalhu and Thilafushi.
- This project was funded by India in a grant of $100 million, with a line of credit of $400 million.
- The Line of Credit is not a grant but a ‘soft loan’ provided on concessional interest rates to developing countries, which has to be repaid by the borrowing government.
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