Grant Aid

With Chinese grants and loans Malé-Hulhulé bridge inches closer to reality

The Malé-Hulhumalé bridge will cost an estimated US$300 million, finance minister Abdulla Jihad revealed today. In addition to US$100 million in grant aid, the Chinese government will also provide a US$170 million loan at a two percent interest rate.

Defense minister returns from India with gifts and reassurances