President underscores progresss on housing pledge

The government has made considerable progress towards fulfilling its pledge to build 10,000 housing units to provide affordable housing for the people, President Nasheed said Friday in his weekly radio address.

The President revealed that the construction of 1,780 housing units was currently underway while work on 25 units each in Gaaf Dhaal Thinadhoo, Seenu Feydhoo, Gaaf Alif Kolamaafushi, Haa  Dhaal Kulhudufushi and Lhaviyani Naifaru was now 40 percent complete.

While over 20,000 residents of Male’ in recent weeks have applied for housing units to be built in the congested capital, Nasheed announced that construction of 350 housing units in Male’ by Kargwal 18 SG Developers of India was expected to begin in April.

Moreover, said Nasheed, the construction of 180 units in Hulhumale’ by Coral Ville was 35 percent complete.

Meanwhile on Thursday, the government signed an agreement with the Chinese National Machinery and Equipment Import and Export Corporation (CMEC) for the construction of 1,500 housing units in the southern atolls.

Of the targeted 10,000 units, the Chinese company has been assigned 4,000 units across the country.

At Thursday’s signing ceremony, Housing Minister Mohamed Aslam explained that the government hoped to secure loan facilities of US$150 million from the AXIM Bank of China, adding that he expected construction work to begin in the next four months.