India has said that the Thilamale' Bridge Project to connecting Male', Vilimale', Thilafushi and Gulhifalhu will be the largest development project in the Maldives so far.
And the agreement for the project will be signed today and the project will be completed within two years.
Being developed under a Line of Credit and Free Aid from India, the Maldivian government will be signing the agreement for the Greater Male' Connectivity Project (GMCP) with India's Afcon Company.
Funded by USD 100 million in free aid and USD 400 million from Line of Credit , this project will be marked as the largest project in the country so far.
Indian High Commission in Maldives today said that the project was proposed by to the Indian Minister for External Affairs, Subrahmanyam Jaishankar by the the Maldivian President Ibrahim Mohamed Solih and Foreign Minister, Abdulla Shahid during their visit to India in 2019.
The High Commission said that project will become the main engine of the Maldivian economy once it connects the Thilafushi Industrial Zone and Male' with the international port being developed in Thilafushi.
The full report of the project was developed by Hong Kong's infrastructure consultant farm, Arup LTD.
Following his visit to India in 2019, President Solih announced a USD 1.4 billion economic package including a Line of Credit of USD 800 million for airport development, harbor projects, island development, fish factories and farming.