Government seeks US$600 million from China and Japan for airport development
25 Jun 2014, 3:52 PM
Zaheena Rasheed
The government of Maldives is in talks with the Japan Bank for International Cooperation (JBIC) and China Exim Bank to secure a US$600 million for airport development.
Tourism Minister Ahmed Adeeb said the government is seeking US$200 million from JBIC and US$400 million from China’s Exim Bank to develop a terminal and runway respectively.
Sinagpore’s Changi Airport Group will be hired as consultants as they are better qualified to work with Chinese and Japanese contractors, he added.
The government is in the process of finalising an agreement with Changi, he said.
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