China to fund Malé-Hulhulé bridge, says minister
11 Jun 2015, 7:17 PM
Minivan News
An agreement was penned today during President Abdulla Yameen’s visit to China for carrying out the ongoing feasibility survey of the Malé-Hulhulé bridge project with Chinese grant aid.
The “agreement on the economic and technical cooperation of grant” was signed after a meeting between President Yameen and Chinese vice president Li Yuanchao, according to the president’s office.
Speaking to reporters prior to departing to China last night, president’s office minister Mohamed Hussain Shareef said “a large portion” of the bridge project will be financed through Chinese free aid and the rest through concessional and commercial loans.
Along with the feasibility report, Shareef said the Chinese government will present options for building the bridge as well as the estimated cost for each option.
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