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). The Greater Male Connectivity project (GMCP) is the largest-ever civilian infrastructure project in the 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 the Export-Import Bank of India (Exim Bank).

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About the project:

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.

Important takeaways for all competitive exams:

• President of the Maldives: Ibrahim Mohamed Solih;
• Capital of Maldives: Male; Currency of the Maldives: Maldivian Rufiyaa.

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