Indian Companies Set for Maldives' Gulhifalhu Port Project Bid
PORTS & SHIPPING

Indian Companies Set for Maldives' Gulhifalhu Port Project Bid

The Maldives' strategic infrastructure development initiative gains momentum as plans for the expansion of the Gulhifalhu Port move forward. Indian companies are poised to participate in the project, with an Engineering, Procurement, and Construction (EPC) tender anticipated to be issued in the fiscal year 2023-2024 (FY24). This development marks a significant step in strengthening bilateral ties between India and the Maldives.

Gulhifalhu Port, located near the capital city Malé, holds paramount importance in facilitating maritime trade and commerce for the Maldives. The expansion project aims to enhance the port's capacity and modernise its infrastructure to accommodate larger vessels, ultimately boosting the country's trade capabilities and economic growth.

The upcoming EPC tender is expected to attract bids from prominent Indian firms specialising in port and shipping infrastructure. This aligns with India's commitment to supporting the Maldives' developmental aspirations and reinforcing its role as a key partner in the Indian Ocean region.

The collaboration between Indian companies and the Maldivian government on this strategic project reflects the shared vision of regional connectivity and economic prosperity. As the EPC tender process unfolds in FY24, all eyes are on the transformative potential of this venture, which not only contributes to the Maldives' economic resilience but also strengthens the enduring friendship between the two nations.

The Maldives' strategic infrastructure development initiative gains momentum as plans for the expansion of the Gulhifalhu Port move forward. Indian companies are poised to participate in the project, with an Engineering, Procurement, and Construction (EPC) tender anticipated to be issued in the fiscal year 2023-2024 (FY24). This development marks a significant step in strengthening bilateral ties between India and the Maldives. Gulhifalhu Port, located near the capital city Malé, holds paramount importance in facilitating maritime trade and commerce for the Maldives. The expansion project aims to enhance the port's capacity and modernise its infrastructure to accommodate larger vessels, ultimately boosting the country's trade capabilities and economic growth. The upcoming EPC tender is expected to attract bids from prominent Indian firms specialising in port and shipping infrastructure. This aligns with India's commitment to supporting the Maldives' developmental aspirations and reinforcing its role as a key partner in the Indian Ocean region. The collaboration between Indian companies and the Maldivian government on this strategic project reflects the shared vision of regional connectivity and economic prosperity. As the EPC tender process unfolds in FY24, all eyes are on the transformative potential of this venture, which not only contributes to the Maldives' economic resilience but also strengthens the enduring friendship between the two nations.

Next Story
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?