EPC tender for Indian cos for Maldives’ Gulhifalhu Port likely in FY24

NEW DELHI: The Export-Import BankofIndiaonbehalfoftheGovernment of India has approved financing of the project out of a Line of Credit extended to the Government of Maldives and as per guidelines, goods, works and services for minimum 75% value of the contracts covered under Line of Credit, must be sourced from India The engineering, procurement, and constr uction tender for Indian companies for the development of Gulhifalhu Port in Maldives is expected to be floated by the South Asian island nation by end of the current financial year 2023-24 (Apr-Mar).

According to two senior officials from EXIM Bank of India, which extends Line of Credit to India’s neighbours and countries across the world for undertaking India funded infrastructure projects, the outlay for the project is $400 million.

“The EPC tender is expected to come in the current financial year Currently, land reclamation work is being undertaken for the development of the (greenfield) port,” a senior official from Export-Import Bank of India said. The existing main port located in M a l d i v e s ’ c a p i t a l M a l é – M a l e Commercial Harbour – has only one berthforcargohandlingandiscongested exceeding its handling capacity. The upcoming port at nearby Gulhifalhu is expectedtoaddressthecapacityissues Apart from Gulhifalhu Port project, India is engaged in the development of airports at Hanimaadhoo and Gan Island, an island connectivity project called Greater Male Connectivity Project, among others.

m.v. “MSC DONATA” Voy : OM333R

I.G.M. NO. 2352456 (EDI) Dtd. 19-08-2023 Exch Rate 85.28

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The above vessel has arrived on 20-08-2023 at MUNDRA PORT with Import cargo from DURBAN. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

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The above vessel is arriving at PIPAVAV on 24-08-2023 with Import Cargo in containers.

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