Chinese companies express interest in Hulhumalé – Malé bridge

Three Chinese companies have submitted detailed expressions of interest in building a bridge between capital Malé and surburb Hulhumalé, Economic Development Minister Mohamed Saeed has said.

They are Dongfeng, China Machinery and Engineering Corporation (CMEC), and Beijing Urban Construction Group (BUCG), he said.

Although 19 parties from 8 countries had expressed interest following an investment forum in Singapore, only three submitted detailed expressions of interest.

Speaking to the press on Tuesday, Saeed also said the documents will be evaluated in July and expressed hope work could commence in December this year.

President Abdulla Yameen is also seeking investment in four more infrastructure projects. They are development of Ibrahim Nasir International Airport (INIA), development of northern Ihavandhippolhu atoll, relocation of the Malé port to Thilafushi Island, and the development of a youth city on Hulhumalé.

Saeed said the government is in discussion with investors on the relocation of Malé port and the project will give the Maldives a competitive edge over other ports in the region.

Reclamation work for Hulhumalé Youth City will begin within weeks and revetments will be installed by December 2015, he said.

He further said a technical team has been set up at the President’s Office to facilitate investment in oil exploration.