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JMC Projects Signs Agreement with Government of Maldives

Published on September 28, 2022
Current Context: JMC Projects (India) Limited signed an agreement with the Maldives government to develop Hanimaadhoo International Airport.
JMC Projects Signs Agreement with Government of Maldives
  • This development project is the first infrastructure project that will be undertaken by India outside the capital of Maldives, Male.
  • The total estimated value of the contract is around USD 136 million.
  • The concessional Line of Credit (LoC) of USD 800 million via EXIM Bank will be provided by the Government of India (GoI) to the Maldives.
  • The project will include the construction of a 2.46 km long runway with an area of 58,000 sq. km and a terminal that will serve 13 lac people per annum.
  • The project is scheduled to kick-start in 2022 and is expected to be completed by 2024.
  • JMC Projects (India) Ltd. is a construction service company that was established in 1982. The current CEO of the company is Shailendra Kumar Tripathi.

Question:

Q.1 Hanimaadhoo International Airport is going to be built?
a. Mauritius
b. Madagascar
c. Maldives
d. Mexico
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