The first phase of the Gulhifalhu development project – including land reclamation and revetment – cost US$15 million, the company behind it has said.
Global Projects Development (GPD) held a ceremony and tree-planting ceremony on June 11 to present 37 deeds to people who had rented plots of land on the new island, which targeted warehouse development.
Haveeru reported CEO and Managing Director of GPD Sivarajah Manivannan as saying that the total cost of the project was expected to reach US$25 million.
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