JMC signs Rs 1,000 cr agreement with FDC in Maldives ANI | Updated: Mar 09, 2021 11:23 IST
Mumbai (Maharashtra) [India], March 9 (ANI): Civil engineering major JMC Projects has signed an agreement with Fahi Dhiriulhun Corporation of the Maldives for the design, finance and construction of 2,000 social housing units in Hulhumale island.
The total value of the project is estimated to be 137 million dollars (about Rs 1,000 crore). It is planned to be financed via a loan from the multilateral funding agency. The project will start after financial closure. The project is a milestone and testament to our ability to deliver major projects of high quality within tight timeframes, said S K Tripathi, CEO and Deputy Managing Director of JMC Projects.