News dalla rete ITA

21 Agosto 2020

India - Maldive

INDIA UNVEILS ECONOMIC AID PACKAGE FOR MALDIVES, INCLUDING $500 MN CONNECTIVITY PROJECT AND CARGO SERVICE

India on Thursday (13-08-2020) unveiled a $500-million package to help the Maldives build a connectivity project linking its capital Male with three islands, and provided $250 million as budgetary support to help the Indian Ocean archipelago cope with the Covid-19 crisis. A new cargo ferry service will be launched between the two countries, and people familiar with developments said this will help India replace other countries to become the Maldives’ top trade partner. An air travel bubble between the two sides will become operational from August 18, and India also renewed quotas for supplying essential commodities to the Maldives during 2020-21. The measures were announced during a virtual meeting between external affairs minister S Jaishankar and his Maldives counterpart Abdulla Shahid. Responding to a request from the Maldives, Jaishankar announced India’s decision to back the Greater Male Connectivity Project (GMCP) through a package comprising a grant of $100 million and a new line of credit for $400 million. Male and the islands will be linked by a bridge-and-causeway link spanning 6.7km, and the people said the project will easily overshadow the 1.39-km Maldives-China Friendship Bridge, currently the most visible infrastructure project in Male, and help in demonstrating India’s overarching presence in the region. (ICE NEW DELHI)


Fonte notizia: Hindustan Times