Новости Кыргызстана по теме Коронавируса COVID-19
EU plans to impose sanctions on Belarus after contested re-election of Alexander LukashenkoKazakhstan reports 244 new coronavirus and 787 pneumonia cases

India funds $500M Maldives project to counter China's influence


Фотографии: akipress.kg

August 20, 2020, 10:39       Источник akipress.kg       Комментарии

AKIPRESS.COM - India pledged $500 million to fund the largest infrastructure project in the Maldives, as New Delhi seeks to counter growing Chinese influence in the Indian Ocean, Al Jazeera reported. The foreign ministers of the two countries said the new investment - a grant of $100 million and a new line of credit of $400 million - was part of a financial package to build bridges and causeways linking the capital Male to three neighbouring islets.
"Once completed, the project will be the single largest infrastructure project in the Maldives," Maldives Foreign Minister Abdulla Shahid said in a statement.
In total, they will also be more than three times longer than the $200m China-Maldives Friendship Bridge completed under President Yameen with Chinese loans which has since been renamed.
The Indian Ocean island nation, popular with tourists for its beaches and turquoise waters, has become a focal point in China's Belt and Road Initiative aimed at building trade and transport links across the region.
India has sought to regain diplomatic influence in the Indian Ocean island after a new administration, led by President Ibrahim Solih, took power following the defeat of the pro-China President Yameen in elections in 2018.
President Solih called the financial package "a landmark moment in Maldives-India cooperation".
The Maldives, a nation of 340,000 people and 1,192 islands located on major East-West shipping lanes, borrowed billions of dollars from Beijing and hired Chinese firms for infrastructure projects under Yameen"s presidency.
This stoked concerns in India and the West that China was saddling countries in Asia and beyond with unsustainable debts while expanding its sphere of influence.
Yameen was convicted of money laundering and sentenced to five years in prison last year, after facing allegations of awarding contracts, including for a major bridge connecting Male to the island of Hulhumale and an extension to the international airport, to Chinese companies at inflated prices.
Shahid also said his Indian counterpart Subrahmanyam Jaishankar in their talks on Thursday had pledged $250m to meet urgent needs and support efforts to contain the spread of the coronavirus.
The virus has infected over 5,300 people and claimed 21 lives in the Maldives, where its crucial tourism industry took a battering.
"There has been a reset in our relations," an Indian diplomat said after the bilateral talks via video conference.
"In the last one-and-a-half years, President Solih and his government have acted on its "India First" policy in right earnest. In line with its "Neighbourhood First" policy, India has worked proactively to deepen its ties with the Maldives."

Комментарии     Добавить

Добавить комментарий

Будьте осторожны в Ваших высказываниях. Вместе с комментарием сохраняется техническая информация о компьютере.

Ссылка на новость:

Читайте также

Jeenbekov congratulates Xi on China's 71st National Day

India, US, Australia reportedly interested in building China's dream Kra Canal project in Thailand

Uzbekistan may hold 3rd phase of China's COVID-19 vaccine clinical trial

If WHO approves coronavirus vaccine, China will send it to Mongolia - China's Ambassador

100 citizens of Kyrgyzstan arrive from China's Xian






Обучение ювелирному делу в Бишкеке
МСН Общественно-политическая газета


FOR.kg - Кыргызстан новости, пресса

FOR.kg search news service (news aggregator, media aggregator)

Read first Agreement on the use of the FOR.kg search site

When using materials from the FOR.kg - reference to the source is required

For all questions please contact customer support