Government seeking $150 million loan for Male’ – Hulhule’ bridge

Finance Minister Abdulla Jihad has said the government is seeking a $150 million loan for the construction of a bridge between the islands of Male’ and Hulhule’, local media has reported.

Jihad was reported as saying that he will be travelling to Turkey, along with Housing Minister Dr Ahmed Muizzu and senior Finance Ministry officials to continue discussions with Turkey’s Exim bank to obtain the loan.

“We are presently in discussion with Turkey’s Exim bank to obtain a $150 million loan for this project. The decision has been made to travel to Turkey for this purpose, but the loan is not yet confirmed,” Jihad was quoted as saying in Sun Online.

“This is a very important project. We have detailed plans, which we will present to them.”

According to local media, the decision to build the bridge was made in December 2011 in order to find a solution to the problem of congestion in Male’.