Tag: bridge

President reveals vision for foreign investment at Hulhumalé project launch

President Abdulla Yameen inaugurated a project yesterday for the construction of 3,000 housing units in Hulhumalé by a joint venture company, Sealife Global Inc – formed by two Dubai companies with a local partner.

Speaking at the groundbreaking ceremony, President Yameen said his administration’s vision was to develop a “youth village” in Hulhumalé with a population of 50,000 people.

“The youth village will not involve only housing [projects]. It will also include other projects related to the youth village such as the creation of light industries to provide job opportunities, as well as arrangements for food and beverages required by modern youth and restaurant facilities for [fast food],” he said.

Yameen said he hoped the government would be able to realise this vision during its five-year term.

During the launch, Yameen also outlined his vision for “freeholds” for foreign investors who will feel the Maldives to be a “second home” in which to conduct long-term projects.

The vision for the youth city meanwhile includes a “technopolis park” as well as entertainment and sports facilities, he said, in addition to facilities for the tourism and fisheries industries.

The government would also prioritise the inclusion of housing projects in Malé and Hulhumalé as the corporate social responsibility (CSR) component when leasing islands for resort development, Yameen said.

Hulhumalé will become “a paradise on earth” for migrants from across the country, he said.

The construction of a bridge between Malé and Hulhumalé would further open up economic opportunities in the reclaimed island city, Yameen said.

In February, Economic Development Minister Mohamed Saeed pledged to complete the bridge project in two years.

Plans of the Housing Development Corporation (HDC) for the second phase of Hulhumalé development were also being revised to achieve the new administration’s goals, Yameen said, which included providing affordable housing to residents of the capital without adequate shelter.

“Any government upon assuming office will attempt to make the best use of a country’s resources. Everything is subject to change. Charts will change when they are redrawn,” he said.

The 243 flats – ranging from one to four bedroom apartments – to be constructed in the first phase of the new project will be targeted to mid to high-income families, explained Sealife Global’s Managing Director Ahmed Moosa.

The six towers or 10 to 12-storey buildings will include other facilities and services such as a swimming pool and gymnasium, he added. The joint venture company would also construct a 12-storey office complex on the site.

“Adventurous path”

Addressing foreign guests in English, President Yameen said he was pleased to “see you actively engaged in our socio-economic development.”

“I hope this project is going to be rewarding in terms of both profitability as well as catering to the need of the Maldivian people,” he added.

The government was committed to “improving the well-being of Maldivian youth,” he continued, adding that youth were presently deprived of the “opportunity to be gainfully employed and also the opportunity of shelter.”

The government therefore welcomes any project that caters to these “dual needs,” he said.

“We are embarking on a very adventurous path at this point in time,” he said, noting that economic development was essential for maintaining the current environment of peace and stability.

“What we would like to confirm for the foreign investors who come to the Maldives is that foreign investors should feel that Maldives is your second home here,” he said, adding that “a landmark law” will be passed in the next Majlis to strengthen the foreign investment regime.

“We are going to open up the Maldives in a huge way to foreign investors. Our thirst cannot be quenched. The opportunity to foreign investors is going to be enormous. So have faith and trust in us,” Yameen said.

Legislation will also be proposed to the next parliament to create special economic zones, he continued, which would be “likened to cities in Dubai or the Emirates” and “the [business] environment we have in Singapore.”

The new laws would enable investors to have “freeholds” in the country and allow investors “to engage in really, really long gestative projects,” he said.

Yameen assured foreign investors that “your money is safe with us.”

“So I reach out to proprietors and investors in Dubai, in Abu Dhabi, in Qatar and also the Emirates – please, here you have an island, here you have a country where you can invest and where you can be content with your investments,” he said.

“We are embarking on an era of growth,” he said, adding that 52 percent of the country’s population was comprised of young people.

Yameen noted that Hulhumale’ was a vision of former President Maumoon Abdul Gayoom.

“He wanted to find breathing space for the overly congested people in Malé. Nobody at that time would have thought that Hulhumalé is going to be the city it is now. There is tremendous opportunity in Maldives and there is tremendous love in us for the Arab-Muslim entrepreneurs. So please come and invest in the Maldives,” he entreated.

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Government says “iconic” Malé-Hulhulé bridge can be finished in two years

Describing the project as “iconic for the whole region”, the Economic Development Minister last night pledged that the Malé – Hulhulé bridge project would take two years to complete.

“Looking at the bridge project, out of the 19 companies that had expressed interest, 7 were international parties,” Mohamed Saeed is reported to have said during a ceremony held to celebrate 100 days of President Abdulla Yameen’s government.

Deputy Minister of Housing Abdulla Ziyadh – whose ministry will become actively involved as soon as a contractor is selected – explained that the government is currently evaluating the received bids.

First touted as a campaign pledge of thirty-year President Maumoon Abdul Gayoom in 2008, the idea of a bridge connecting the congested island of Malé with its relatively spacious suburbs was also an aim of Gayoom’s successor Mohamed Nasheed.

The Nasheed government had put to contract out to tender in late 2011 shortly before its ousting in February 2012.

The current government called for expressions of interest in the project in early December 2013, with the window for interested parties to come forward closing on January 14.

The public private partnership contract will require a company to engage in the design, build, financing, maintenance and operation of the bridge.

“Primary objective of the Government is to bring a relief to the socio-economic issues arising from the urban congestion that is present in Malé,” the Ministry of Economic Development has explained.

Former Minister of Economic Development Mahmoud Razee – a member of Nasheed’s cabinet – told Minivan News today that a bridge would improve local commerce as well as reducing traffic congestion in Malé.

“There will be a mediation of the traffic because what happens in Malé – in the afternoons and evenings – a lot of the traffic is leisure traffic as motorcycles are out on the road, not to go to any particular place but for the sake of having a ride. If these are connected, the area they are able to mill around is increased by several kilometers,” he explained.

The former minister noted that an extension of the bridge westward to connect with Gulhi Falhi and the industrial island of Thilifushi would bring down the cost of warehouse space in the capital.

The final location of the bridge has yet to be announced by the government. Options considered in the past involved connecting Hulhulé with Malé at the tsunami monument area, or from the northern harbour via Funadhoo island.

Razee also echoed the comments of the current Tourism Minister Ahmed Adeeb who has acknowledged that the project is not viable without commercial components.

Mohamed Saeed was reported as suggesting last night that the bridge would be equipped with facilities to generate between 4 and  6 megawatts of renewable energy.

While Razee was skeptical of this proposal, he suggested that bridge could be used to lay cables between islands, reducing the need for expensive undersea cables to transfer production capacity across the Greater Malé area.

Saeed has previously described the building of the bridge as a “challenge”, but said the task is one of the pledges of the coalition government.

When the concession is awarded, Saeed has pledged, investors will not suffer damages, and the project will receive “protection” from the Maldives constitution.

Investor confidence in the Maldives had been negatively impacted under the Presidency of Dr Mohamed Waheed, with the Yameen presidency targeting its restoration as a key foreign policy aim.

During last night’s ceremony, Vice President Dr Mohamed Jameel Ahmed launched a book detailing the key elements included in the ruling Progressive Party of Maldives’ ‎manifesto, and the government’s achievements in its first 100 days.

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Government requests bids for Hulhumale’ bridge project

The Economic Ministry has announced the opening of a bidding process for a bridge to be built between Male and Hulhumale at a press briefing held at the President’s Office today.

“We are looking for a party to design, operate and maintain [the bridge]. This means commercial components will have to come with this,” said Tourism Minister Ahmed Adheeb this afternoon.

“That is how this will become sustainable. As you know, a bridge will not be sustainable in the Maldives if it relies solely on the traffic. So, this will come with commercial components. It will become a very big investment.”

An announcement calling for expressions of interest has been placed in the government gazette today, with offers requested for the building, maintenance and operation of the bridge linking the two largest urban areas in the Greater Male’ area.

Bids from domestic and international parties will be accepted until December 29.

Minister of Economic Development Mohamed Saeed described the building of the bridge as a “challenge”, but said the task is one of the key pledges of the coalition government.

He wants bridge work to start as soon as possible, promising that when the concession is awarded, investors will not suffer damages, and that the project will receive “protection” from the Maldives constitution.

Investor confidence in the Maldives had been negatively impacted under the Presidency of Dr Mohamed Waheed.

The country’s largest ever foreign direct investment deal – the US$500million lease to re-develop Ibrahim Nasir International Airport – was unilaterally terminated by the government late last year.

Arbitration proceedings are continuing in Singapore, with Indian infrastructure giant GMR claiming US$1.4billion for “wrongful termination”.

Similarly, Malaysian firm Nexbis was given just two weeks to leave the country after the government terminated its deal to install and operate a border control system after the government suggested the MDP-brokered deal was causing “major losses” to the state.

The idea of a bridge linking connecting the islands of Male’ and Hulhumale’ – an artificially reclaimed island built to combat the rising population of Male  – was proposed during the presidency of Mohamed Nasheed in 2011.

The building of a bridge was to accompany the Veshi Fahi Male’ de-congestion programme – a flagship project of the Maldivian Democratic Party (MDP) government under its manifesto pledge to provide affordable housing.

The project was launched on November 10, 2010 to ease congestion in the capital and develop the Greater Male’ Region, consisting of Hulhumale’, Vili-Male’, Thilafushi industrial island and Gulhifalhu.

Following the ousting of Nasheed’s administration in February 2012, his successor President Mohamed Waheed announced it had been trying to get a US$150 million loan (MVR 2.31 billion) from Turkey’s Exim bank to fund the project.

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Government seeking $150 million loan for Male’ – Hulhule’ bridge

Finance Minister Abdulla Jihad has said the government is seeking a $150 million loan for the construction of a bridge between the islands of Male’ and Hulhule’, local media has reported.

Jihad was reported as saying that he will be travelling to Turkey, along with Housing Minister Dr Ahmed Muizzu and senior Finance Ministry officials to continue discussions with Turkey’s Exim bank to obtain the loan.

“We are presently in discussion with Turkey’s Exim bank to obtain a $150 million loan for this project. The decision has been made to travel to Turkey for this purpose, but the loan is not yet confirmed,” Jihad was quoted as saying in Sun Online.

“This is a very important project. We have detailed plans, which we will present to them.”

According to local media, the decision to build the bridge was made in December 2011 in order to find a solution to the problem of congestion in Male’.

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Housing success a three-part puzzle

The development of housing, industry, and transportation infrastructure is expected to greatly improve the “extreme” situation on Male’, said Infrastructure Development Ambassador Sarangu Adam Manik.

“There are more people in Male who do not have housing than people who do,” he said.

The capital Male’ has a land area of less than two square kilometers but is home to one-third of the country’s population or approximately 125,000 people residing in an estimated 16,000 households; the total number of households in the Maldives is estimated to be 46,000.

With 50,000 people per square kilometer Male’ is the most densely populated city in the world, outdoing Mumbai’s 33,000 people per square kilometre.

President Mohamed Nasheed previously said the “household is the main engine of development.” Making good on this claim, he yesterday conferred land tenure agreements to 20 parties who had applied for housing and housing grants to 27 applicants, saying the government intends to provide housing for all 21,000 applicants to the Veshi Fahi Male’ housing program.

Earlier this year, ten flats were awarded under the same program.

The government originally pledged 10,000 flats.

A statement on the President’s Office website said the program aims “to satisfy the lives of all Maldivian citizens, and augmenting the nation’s economically active population by economically mobilizing nearly 150,000 people.”

Under phase one of the project launched in January, a total of 1,000 parties were invited to apply for the housing scheme. Over 8,000 application forms were submitted on the first day.

The Cabinet also approved related projects including the development of a container park in Thilafushi to incentivise relocating warehouses in Male’ and construction of a multi-purpose local market with modern facilities for residents of Male’.

The programme was launched on November 10, 2010 with the aim of combining the development of Malé, Vilingili, Guli Falhu, Thilafushi, Hulhumalé and Malé International Airport.

Manik said the network of projects  will jointly reduce the stress on Male’.

“Gulhifalhu will help tremendously the housing and economic situation. Thilafushi will  centralise the industrial sector, and the bridge will improve mobility–all components will help the situation on Male’,” he surmised.

The Cabinet yesterday decided to proceed with the plan to construct a bridge between Male and Hulhule, a reclaimed island attached to Hulhumale.

Since Hulhumale’s population is expected to double in the next year as people take advantage of new housing opportunities, mobility will become an issue, Manik said.

“Think about it, you will have two to three thousand flats, each with a family of four or more people on average. That’s eight to twelve thousand people,” he pointed out.

He also noted that the current boat-based system is vulnerable to changes in weather.

Manik said building a bridge was not a new idea. “The previous government proposed it but didn’t find a way to do it. President Nasheed’s ability to think ahead and think strategically means that the new government has found a way to do it. Gayoom’s government talked about it but we never saw a plan.”

Reflecting on public complaints of some infrastructure development programs, Manik surmised that “everybody wants to be the khafir except the khafir.

“Each power is trying to draw new borders, and there are always demarcation problems. People will settle down and things will become more progressive. It takes time to accept a new democracy.”

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Bridge needed between Male’ and Hulhumale’, says President

President Mohamed Nasheed has said it is necessary for the government to built a bridge connecting the islands of Male’ and Hulhumale’ to improve transportation and development on both islands. This statement was made after the President presented documents of guarantee to flat recipients in Hulhumale’, as provided by the Veshi Fahi Male’ de-congestion program.

The President said a ferry system was insufficient to accommodate the growing populations on both islands.

The Veshi Fahi Male’ housing project is expected to add 10,000 flats to Hulhumale’. 8,000 flats are currently being constructed.

2500 flats were said to be built under Phase 2 of the Gulhifalhu development project, which is set to begin next month, reported the President’s Office.

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