Maldives: Uthuru-Thilafalhu-Thilafushi Link (Pre-Concept MCDF Support)

GRANT SUMMARY INFORMATION

SPECIAL FUND TYPE

MCDF Grant

MEMBER

Maldives

SECTOR

Transport

PROJECT NUMBER

S000676

FINANCING

APPROVED AMOUNT

USD150,000

TIMELINE

APPROVAL DATE

December 17, 2024

DESCRIPTION

The Multilateral Cooperation Center for Development Finance grant will be used to support the Ministry of Construction and Infrastructure of the Republic of Maldives in carrying out a prefeasibility study for the proposed Uthuru-Thilafalhu-Thilafushi Link Project. The study will involve preliminary technical, environmental, social, and economic assessments in line with international standards, establish a sound preliminary concept design, and identify the most optimal alignment option for the proposed project.

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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 111 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

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