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PTI | New Delhi | Updated: 25-02-2021 18:04 IST | Created: 25-02-2021 17:49 IST
Representative image. Image Credit: Wikimedia
Exim Bank will support construction of social housing units in Maldives through its USD 130 million loans to Fahi DhiriulhanCorporation Ltd, said the lender on Thursday.
Exim Bank said it exchanged a letter of intent (LoI) with Fahi DhiriulhanCorporation Ltd on February 20, the Government of Maldives for the design and construction of 2,000 social housing units in Hulhumale, Maldives, valued at USD 130 million.
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The project is proposed to be executed by NBCC (India) Ltd, it said.
This funding is proposed to be provided under the buyer s credit program under the National Export Insurance Account (NEIA) scheme.
Exim Bank I Exim Bank to provide $130 mn funding for construction of social housing units in Maldives
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