+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?