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