Malé, Maldives – The first contract signed under the $800million Indian Line of Credit is dedicated to developing key infrastructure of Addu City.
The agreement was signed today in the presence of the Foreign Minister of Maldives, Abdullah Shahid and the Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar.
The contract was signed between the Ministry of National Planning, Housing & Infrastructure of Maldives and Afcons Infrastructure Limited. It is the 1st contract to be signed for a project financed under the $800 million Indian Line of Credit.
The construction project of Addu City which will be focusing on designing and building the roads of Addu along with fixing the drainage systems in the city. A second link road is to be constructed with the cumulative road development projects adding up to MVR 1.19 billion. The road development projects are supposed to be completed within 730 days.
In addition to this, the development project will also be focusing on land reclamation in the city to help provide enough land for the residents.
The Ministry of National Planning, Housing & Infrastructure detailed that under this agreement the following things will also be built and developed in the city.
- Storm water drainage: total length of drainage system is approximately 103 kilometers.
- Road development: asphalt road to be built in total 40 kilometers of Hithadhoo, Maradhoo, Maradhoofeydhoo, Feydhoo and Hulhumeedhoo roads combined. Along with this, 60 kilometers of Cement Stabilized Base (C.S.B) layer to be built in the roads without asphalt. 3.4 kilometer of the present asphalt roads to be resurfaced and CCTV cameras, lights and other traffic safety equipment to be attached.
- Detour 4 land link road: 1.463 kilometers of new 4 land detour link road to be built near Hankede bridge.
While speaking at the signing ceremony, Minister Shahid noted Addu City is one of the major development hubs of Maldives.
The development of Addu City is integral to the development of surrounding islands & atolls.Foreign Minister Shahid
Minister Shahid further stated that the Addu development project is a milestone achievement in fulfilling the ‘Jazeera Raajje’ vision of the President of Maldives, Ibrahim Mohamed Solih.