China has pledged nearly USD 130 million in free aid to Maldives, President Dr. Mohamed Muizzu announced today.
Speaking to reporters at the Velana International Airport after completing his state visit to China, Muizzu said China would provide 920 million yuan (USD 130 million) in free aid to Maldives for projects identified by the government.
Most of the aid will be spent to redevelop the streets of Male' city, he added.
"Agreements were signed [with China] in the form of free aid. China has now arranged 920 million Chinese yuan, or about USD 130 million, to Maldives," he said.
Muizzu said the government would spend the free aid on many other projects besides building roads in the city.
Other agreements signed with China during the President's visit include the construction of 30,000 social housing units in Rasmale' and the expansion of Velana International Airport.
