India is set to support the expansion of Hanimaadhoo International Airport located in the northern part of the Maldives.
According to media reports, an Airports Authority of India (AAI) team visited the Maldives this week to carry out initial survey and assessment work.
The detailed project report (DPR) is expected to be prepared in two months, following which the tender process for the expansion project will begin.
The project work is expected to begin next year and will involve extending the runway to 2,200m, as well as the modernisation of terminals, fuel farms, cargo terminal and fire station.
The runway extension will enable larger aircraft such as Airbus A320s and Boeing 737s to land at the airport.
An Indian official was quoted by media sources as saying in a statement: “Transparency and partnership are cornerstone principles of Indian Line of Credit projects. Capacity building of local companies and officials will be a priority even while the project is being implemented to assure sustainability.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Earlier, India extended an $800m line of credit through EXIM Bank for several infrastructure projects in the Maldives. This credit line is also expected to support the Hanimaadhoo Airport expansion.
The airport expansion project is also expected to support the growth of northern Maldives.
Earlier this year, the Government of India announced plans to develop 100 additional airports in the country by 2024 to boost air connectivity.
In the Union Budget for the year 2020-21, the government also allocated Rs1.7tn ($23.7bn) to support the country’s transport infrastructure.