JMC to build social housing units in Maldives
Real Estate

JMC to build social housing units in Maldives

JMC Projects Limited (India), a civil engineering and engineering, procurement and construction (EPC) company, has signed an agreement with Fahi Dhiriulhun Corporation Limited (FDC), a state owned company of the government of the Republic of the Maldives, for the design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives.

The total value for this project is estimated to be around $137 million and is planned to be financed via a loan from a multilateral funding agency. The financial closure of the project is expected to conclude soon and construction on the project will commence after the financial closure.

JMC Projects Limited (India) is a subsidiary of Kalpataru Power Transmission.

Written from a company release.

Image source

JMC Projects Limited (India), a civil engineering and engineering, procurement and construction (EPC) company, has signed an agreement with Fahi Dhiriulhun Corporation Limited (FDC), a state owned company of the government of the Republic of the Maldives, for the design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives. The total value for this project is estimated to be around $137 million and is planned to be financed via a loan from a multilateral funding agency. The financial closure of the project is expected to conclude soon and construction on the project will commence after the financial closure. JMC Projects Limited (India) is a subsidiary of Kalpataru Power Transmission. Written from a company release. Image source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000