Maldives Transport and Contracting Company (MTCC) has commenced shore protection of the Greater Male’ Connectivity Project (GMCP) bridge landing point in Gulhifalhu.
MTCC announced the shore protection project in Gulhifalhu was mobilised on June 2. The state-owned company revealed the project is valued at USD 578,000 and is expected to be completed within 55 days.
The shore protection project is conducted to support the GMCP, funded under the USD 400 million Line of Credit Agreement signed between the Government of the Maldives and the Exim Bank of India. 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.
Earlier this year, four large Indian infrastructure companies with prior experience in the construction of similar projects, technical expertise and financial strength were prequalified by the Exim Bank of India, to participate in the tender issued by the Ministry of Finance for the project.