印度

India’s plan to take on China as south Asia’s favourite lender

With the private sector’s help, New Delhi has stepped up spending on infrastructure in neighbouring countries

In 2018, Chinese engineers became the first to link the scattered islands of the Maldives by road, inaugurating the 2km Sinamalé Bridge that arched across the waters separating the capital Malé from its airport.

The inter-island bridge was a symbol of Beijing’s multibillion-dollar infrastructure lending programme in the Indian Ocean. Now, another regional power is preparing to bankroll its own, even longer, structure in the same area.

With loans and grants, India is funding the $500mn “Greater Malé Connectivity Project”, a 7km bridge linking the capital to several other surrounding islands, in a project run by India’s historic Shapoorji Pallonji Group conglomerate.

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