The Maldivian government has signed an agreement with Collage Design Pvt. Ltd. to provide Project Management Consultancy (PMC) for sports infrastructure development projects funded by a Line of Credit (LOC) from India.
Under the agreement, the Indian Exim Bank will provide $40 million to support the development of sports infrastructure across the Maldives. The funding is part of a broader initiative to enhance the country's sports facilities and promote athletic excellence.
The signing ceremony marks a significant step forward in the Maldives' efforts to improve its sports infrastructure, which is expected to have a positive impact on the nation's sporting landscape.
However, the Ministry of Sports and Fitness has not yet announced the details of the projects under the credit facility.
Under the agreement, the Indian Exim Bank will provide $40 million to support the development of sports infrastructure across the Maldives. The funding is part of a broader initiative to enhance the country's sports facilities and promote athletic excellence.
Agreement signing with Collage Design Pvt. Ltd., for Project Management Consultancy (PMC) on LOC-funded projects by India.
— Ministry of Sports, Fitness and Recreation (@MoSFR_mv) May 20, 2024
Indian Exim Bank will provide $40 million, under Line of Credit (LOC) for the development of sports infrastructure in the Maldives. pic.twitter.com/8DnYP63sjy
The signing ceremony marks a significant step forward in the Maldives' efforts to improve its sports infrastructure, which is expected to have a positive impact on the nation's sporting landscape.
However, the Ministry of Sports and Fitness has not yet announced the details of the projects under the credit facility.
