- 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:
a. Asian Development Bank
b. New Development Bank
c. EXIM Bank
d. Asian Infrastructure Investment Bank
