Connectivity Infrastructure

Maldives

Addu Development Project (Roads and Land Reclamation): This is a key infrastructure project required for Addu to establish itself as the southern regional hub of Maldives. The scope includes roads, street lighting, storm water drainage, shore protection and land reclamation for the development of tourism infrastructure. The contract for roads component was awarded in Feb 2021 to AFCONS and was jointly launched by President Solih and EAM in March, 2022. Work is progressing well. Also, in March 2022, GoM awarded contract for the Land Reclamation portion of the project to a Dutch company “Van Oord’ to carry out a total reclamation of 194.3 hectares of land.
Gulhifalhu Port project: The objective of this project is to relocate the congested Malé Commercial Harbour and warehousing from Malé to Gulhifalhu Island (which is in Greater Malé region). GoM envisages development of Gulhifalhu International Port as a modern, technologydriven, globally competitive port inclusive of warehousing and logistic zones that could serve the requirement of Maldives for next 35 years.
Airport Redevelopment Projects in Hanimaadhoo and Gan: The EXIM Bank of India is supporting the redevelopment of airports in Hanimaadhoo and Gan. GoI has funded the DPRs for both these projects which have been prepared by the Airports Authority of India. GoM has awarded the contract for Redevelopment of Hanimaadhoo in September, 2022 to JMC Projects India Pvt Ltd. The groundbreaking ceremony held on 18 Jan 2023, during the visit of EAM to Maldives and in the presence of President Solih marked the commencement of project. In Feb 2023, Ministry of Economic Development awarded the contractor to Renaatus Projects Private Limited of India for development of the Gan International Airport.
Greater Male Connectivity Project: The project aims to connect Male to Villingili, Gulhifalhu and Thilafushi islands through a series of bridges, causeways and roads. The project is crucial for the proposed Gulhifalhu Port, and will be a major catalyst for the Maldivian economy in the future through jobs and economic activity. It is funded through a separate $ 400 million LoC and $ 100 million grant from India.
USD 50 million Defence Line of Credit was concluded in Feb 2021. Pre-qualification and tendering process is underway for procurement of various items requested by MNDF in concert with the EXIM Bank of India.
USD 40 million Sports Line of Credit was extended to the Maldives in Sept 2021 to develop the sports infrastructure across the islands.