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Afcons Signed a $530-million Infrastructure Project in Maldives

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Afcons Infrastructure Ltd, an infrastructure arm of Shapoorji Pallonji Group from India signed an agreement with the Republic of Maldives for a $530 million infrastructure project named ‘Greater Male Connectivity Project’ (GMCP).

  • GMCP project is the largest infrastructure project in the Maldives.

Key Points:

i.Funding: The project will be funded by the Exim Bank of India under the Indian grant and Line of Credit (LoC) scheme.

  • The project was funded through a grant of $100 million and a line of credit of $400 million from India.
  • The total contract value of the project is $530 million with construction duration of 32 months.

i.The project will connect Male, the capital city of Maldives with adjoining islands of Villingli, Gulhifalhu and Thilafushi through a 6.74-km-long bridge and causeway link.

  • The bridge would connect the islands of Hulhumale, Hulhule and Male with the proposed Gulhifalhu Port and the Thilafushi Industrial Zone.

ii.The bridge includes 3 navigation bridges of 140 metres across very deep channels between the islands, 1.41 km of marine viaduct in deep water, 2.32-km marine viaduct in shallow water and land, and 2.96 km of at-grade roads.

iii.The project will transform Maldives into a more developed and economically resilient nation.

iv.Other Projects of Afcons:  

Different earlier projects constructed by Afcons include Atal Tunnel, the world’s longest highway tunnel 10,000 ft above sea level, the world’s highest single-arch railway bridge in Jammu and Kashmir, etc.

Recent Related News:

In July 2021, Defence Officials from India, Sri Lanka and the Maldives participated in a virtual Trilateral Tabletop Exercise 2021 (TTX-2021), ‘Exercise Shield’ on Maritime Security. Exercise Shield was organized by Maritime Warfare Centre, Mumbai from July 14-15, 2021

About Afcons Infrastructure Ltd:

Headquarters – Mumbai, Maharashtra
Managing Director – S Paramasivan

About Maldives:

Capital – Male
Currency – Maldivian rufiyaa
President – Ibrahim Mohamed Solih