Following an evaluation by the Ministry of Finance and the Tender Board, the contract for the construction of the Greater Male’ Connectivity Project (GMCP) or Male’-Thilafushi Link (MTL) is set to be awarded in 2 to 3 weeks, according to EXIM Bank of India.
According to reports, the Exim Bank of India has prequalified four major Indian infrastructure companies with prior experience in the construction of similar projects, technical expertise, and capability, as well as financial power, to participate in this tender issued by the Maldives Ministry of Finance.
The Greater Male Connectivity Project (GMCP) consists of a 6.7 km bridge and causeway network linking Male, Villingili, Gulhifalhu, and Thilafushi. It is expected to be a national economic driver and lifeline connecting Hulhumale’, Hulhule’, and Male’ with the proposed Gulhifalhu Port and the Thilafushi Industrial Zone.
The project is funded by a USD 400 million loan from EXIM Bank of India and a USD 100 million grant from the Indian government.