India is set to build a new 22,000-seat cricket stadium in the Maldives under an $800m (£620m/€681m) Line of Credit extended to the island nation.
The High Commission of India in Maldives tweeted that the new stadium, which would be located in Hulhumalé, will feature the “latest technology”. No timeline for the project was outlined.
A 100-bed cancer hospital will also be set up in Hulhumalé under India’s LoC agreement with the Maldives.
The High Commission of India in Maldives has partnered with Housing Development Corporation Ltd, a government-owned company that is overseeing the development and management of Hulhumalé. The two parties will work to develop a central park complex and renovate Hulhumalé’s arrival jetty.
The High Commission of India in Maldives tweeted that the park would host leisure and fitness activities, while the jetty will benefit visitors and residents alike.
The $800m LoC was extended to the Maldives by Exim Bank last March. The LoC is designed to fund development projects in the country.
Image: India in Maldives