President seeks Chinese free aid for Hulhumalé bridge project
16 Aug 2014, 5:52 PM
The government is seeking concessional or free aid from the Chinese government to finance “a large portion” of a project to build a bridge connecting the capital Malé and Hulhumalé, President Yameen has revealed.
Speaking to reporters on Thursday night (August 14) prior to departing for China to attend the opening ceremony of the Youth Olympic Games, Yameen explained that the Chinese government assured assistance and inquired ahead of the visit about “the most important project for our government.”
“So we discussed amongst ourselves and agreed that the most important project is the ‘youth city’ and the bridge between Malé and Hulhumalé as part of efforts to ease housing [shortage] for the people,” he said.
Yameen noted that as “all major Chinese companies are government companies” – referring to proposals submitted by Chinese companies expressing interest in the project – Chinese corporations would undertake the project with the “blessing” of the Chinese government and would be able to secure loan facilities through “generous concessional assistance”.
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