Uploaded on Aug 24, 2020
PPT on India to build a $500 Million bridge in the Maldives.
India to build a $500 Million bridge in Maldives.
INDIA TO BUILD A $500 MILLION
BRIDGE IN MALDIVES
INTRODUCTION
• India to fund $500 million 6.7-km bridge project in Maldives.
• The bridge project which will be built at a cost of $500 million will be
funded through a $400 million line of credit (LOC) and $100 million grant.
Source: The Hindu
GMCP
• India will fund the implementation of $500-million Greater Male
Connectivity Project (GMCP)
• GMCP will connect Maldivian capital Male with neighbouring islands of
Villingili, Gulhifahu and Thilafushi.
Source: DW
AIR TRAVEL BUBBLE
• India, Maldives announced starting an air travel bubble between the two
nations.
• Air bubbles or travel corridors are systems established between two
countries that perceive each other to be safe and allow carriers of both
the countries to fly passengers either way without any restrictions.
Source: Web in Travel
CHINA AND INDIA EXERTING INFLUENCE
• India and the West accused China of saddling countries, such as the
Maldives, with unsustainable debts while tightening its grip in the region.
• In order to regain influence in the Maldives, India has started investment
in Maldives.
Source: Firstpost
POLITICAL INFLUENCE
• Yameen was convicted of money laundering and sentenced to five years
in prison, with his jail-term beginning in February of this year.
• He was found guilty of awarding construction contracts to Chinese
companies at inflated prices.
Source: BBC
REGAIN DIPLOMATIC INFLUENCE
• India has sought to regain diplomatic influence in the Indian Ocean island
after a new administration led by President Ibrahim Solih.
• President Solih called the financial package "a landmark moment in
Maldives-India cooperation".
Source: The Hindu
MALDIVES
• The Maldives, a nation of 340,000 people and 1,192 islands located on
major East-West shipping lanes.
• It borrowed billions of dollars from Beijing and hired Chinese firms for
infrastructure projects under Yameen’s presidency.
Source: Times of India
ECONOMIC RELATIONS
• The foreign minster talked about economic relations between India and
the Maldives that will bring prosperity through the connection.
• This will promote the dynamic people-to-people ties between the two
countries.
Source: Policy Forum
COMPARING CHINA–MALDIVES FRIENDSHIP BRIDGE
• The male scheme will be three times longer than the 2.1km, $200m
China–Maldives Friendship Bridge, built by China Harbour Engineering.
• That scheme was completed during the tenure of President Yameen, who
was closer to China.
Source: Global Times
THANK YOU
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