India & Maldives inks pact on mega Greater Male Connectivity Project

India & Maldives inks pact on mega Greater Male Connectivity Project

• The Government of India and Maldives inked the contract for the mega Greater Male Connectivity project (GMCP), on August 26, 2021.
• The Greater Male Connectivity project (GMCP) is the largest-ever civilian infrastructure project in Maldives.
• The Government of India is funding the implementation of GMCP through a USD 400 million Line of Credit (LoC) and USD 100 million grant.
• The USD 400 million LoC will be provided by Export-Import Bank of India (Exim Bank).
• The project will be developed by Indian construction and engineering firm, AFCONS, based in Mumbai, Maharashtra.
• The Greater Male Connectivity Project (GMCP) comprise of 6.74 km long bridge and causeway link that will connect the national capital Male with three neighbouring islands namely. Villingili, Gulhifahu and Thilafushi.

Points to Remember:

1. Which country has inked contract for Greater Male Connectivity project (GMCP) with India?
2. How much amount has been approved for funding Greater Male Connectivity project (GMCP)? USD 500 million
3. Maldives Capital: Male, Currency: Maldivian rufiyaa