Exim Bank of India has prequalified four large Indian infrastructure companies to submit tender for the Greater Male’ Connectivity Project (GMCP).
The GMCP, which aims to connect Male’, Villimale’, Thilafushi and Gulifalhu through a bridge and causeway link, is being funded under the USD 400 million Line of Credit Agreement signed between the Government of the Maldives and the Exim Bank of India in October last year. As part of the tender process, four large Indian infrastructure companies, with prior experience in the construction of similar projects, technical expertise and financial strength have been prequalified by the Exim Bank of India, and are set to participate in the tender issued by the Ministry of Finance. The last date for bid submission for GMCP has been set as May 5, 2021.
The GMCP is the single-largest infrastructure project in the Maldives, and is expected to become a national economic engine, and a lifeline connecting Male’ to Villimale’, Gulhifalhu, and the Thilafushi Industrial Zone. The bridge and causeway link is also essential for the development of the proposed Gulhifalhu Port, which is also being financed by an Exim Bank of India Line of Credit.