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India supports Maldives to Construct Social Housing Units

Published on September 26, 2021
Current Context: The EXIM Bank has completed its agreement with Fahi Dhiriulhun Corporation India (FDC) which is based in Maldives.
India supports Maldives to Construct Social Housing Units
  • The agreement was for the purpose to grant buyers credit worth $228 million to construct Social Housing Units in Hulhumale phase II.
  • Around 4000 Social Housing Units will be constructs in the sanctioned funds support.
  • The construction activities will be undertaken by India’s National Building Construction Company (NBCC) and JMC Projects of India.
  • Both these entities have good experience in real estate developmental activities and civil construction projects at the national as well as at the international level.
  • In a total of 4000 social housing units, 2800 units will be of 3 bedrooms and 3 toilets facilities whereas the remaining 1200 units will be of 2 bedrooms and 2 toilets facilities.
  • Static Part: 
    • Capital of Maldives: Male
    • Currency of Maldives: Maldivian Rufiyaa

Question: 

Q.1 The ___ has completed its agreement with Fahi Dhiriulhun Corporation India (FDC) of Maldives to construct Social Housing Units in Hulhumale phase II?
a. Asian Development Bank
b. New Development Bank
c. EXIM Bank
d. Asian Infrastructure Investment Bank
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