The Maldives government and Afcons Infrastructure Limited of India have signed an agreement to build the Thilamale’ bridge, the country’s largest infrastructure project to date.
The bridge is being funded by a USD 400 million loan from India’s Exim Bank. Loan repayment is scheduled to begin five years after the project’s completion.
The Greater Malé Connectivity Project will see the development of a 6.7-kilometer bridge and causeway network linking Male, Villimale, Gulhifalhu, and the industrial island Thilafushi.
The primary bridges to be built between the islands are estimated to be roughly 140 kilometers long, according to the Indian High Commission in the Maldives.
The project agreement was signed during a special ceremony held on Thursday morning at Hotel Jen. Permanent Secretary of the Planning Ministry Zeeniya Ahmed Hameed signed the agreement on behalf of the government, while Afcons’ Managing Director signed on behalf of the company.