Maldives signed contract for India-funded $500 million connectivity project

The government of Maldives and an Indian construction firm signed a contract for the $500-million Greater Malé Connectivity Project (GMCP), the Indian Ocean archipelago’s largest infrastructure project that is being funded by New Delhi.

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This infrastructure project, the largest-ever by India in the Maldives, 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. This project is significant because it facilitates inter-island connectivity in the country

The GMCP is not only the biggest project India is doing in the Maldives but also the biggest infrastructure project in the Maldives overall.