Heavy Load Maldives has been awarded the land reclamation contract at Hulhumalé following disputes yesterday with GMR, reports Sun Online. A new terminal will be constructed on this site for GMR Ibrahim Nasir International Airport.
GMR declined to reveal the contract value, but confirmed that Heavy Load had received the contract. The project was allegedly delegated to GMR Airport Development Limited, a subsidiary of GMR, before it was awarded to Heavy Load.
The project budget was set at US$20 million, reports Sun.
The first phase of the project is said to reclaim 50 percent of the designated land area. In this phase, one million cubic metres of land area would be carved out of the ocean.
GMR reportedly said that harbour construction has not yet been delegated to any company.
Heavy Load Maldives is a company owned by Moosa ‘Reeko’ Manik, the Interim Chairperson of the ruling Maldivian Democratic Party (MDP).