State Trading Organization (STO) on Thursday signed an agreement with AFCONS to supply Readymix Concrete for Thilamale’ Bridge project.
During a ceremony held at STO’s Head Office, Managing Director Hussain Amru Mohamed Rashad signed on behalf of STO, while Deputy Project Manager V. Madhusudhan signed from AFCONS.
As part of this project, a total of 7,500 CMB of readymix concrete will be supplied. STO also revealed that over the course of the past five months, preparations were made to undertake this project, including establishing machinery at their readymix plant so as to provide concrete that meets the standards set by Afcons.
The Greater Male’ Connectivity Project – set to be the largest infrastructure development project in Maldives – is financed under an Indian grant of USD 100 million and a USD 400 concessional credit line from India’s Exim Bank.